The U.S. Housing Market Faces the Worst Imbalance in at Least a Decade
Mansion Global • • business
Key Points:
- In December, home buyer activity in the U.S. dropped by 5.9% from the previous month, marking the largest decline since March 2023, while seller listings fell by 1.1%, reflecting reluctance on both sides amid high prices.
- Despite reduced market activity, U.S. home prices rose slightly by 0.1% month-over-month and 2.2% year-over-year, though the rate of increase has slowed significantly from over 6% earlier in the year.
- High prices persist largely due to sellers unwilling to lower asking prices, with some, like those in Dallas, facing losses when trying to sell homes purchased at pandemic market peaks.
- Austin, Texas, leads as the
