US housing market breaks record in boost for buyers
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The US housing market has seen a record gap between sellers and buyers, with nearly 630,000 more sellers than buyers in the last month. This shift has given buyers more negotiating power, but rising home prices and economic uncertainty still pose challenges for many Americans.
The US housing market has a record gap between sellers and buyers. There were nearly 630,000 more sellers than buyers last month. This gap has been growing since summer 2023. The median sale price of a typical US home was $429,226 in February, up 0.9% year-over-year. The supply of homes for sale has been climbing, allowing buyers to negotiate prices down in some areas. The national average 30-year fixed-rate mortgage was 6.22% as of March 19.
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