Weekly Real Estate News
Source: Realtor . com —
Sometimes it feels like homebuyers just can’t catch a break. Prices these days are continuing their meteoric rise, while the inventory of available homes remains paltry, effectively shutting many would-be buyers out of the market. And the crushing demand continues to fuel feverish and demoralizing bidding wars—pushing prices even further out of reach for many.
But wait! Hope is not entirely lost for buyers navigating what’s become an extreme seller’s market.
Things have started to cool as more people are listing their homes and buyers are pushing back against cumulous-scraping price tags. Some sellers have even been forced to cut those prices. And while some employers are beginning to call workers back to the office, remote work is expected to become more of a norm, especially for white-collar workers. That could allow buyers to find homes within their budgets if they’re willing to expand their search radius.
