In order for prices to actually fall, inventory would have to exceed demand, according to Neal Hanks, president and CEO of Beverly-Hanks Realtors.
Similar Stories to Asheville Homes Overpriced By 46%, Report Says. Does That Mean Prices Could Finally Fall? on Bing News
Asheville Citizen Times, Asheville Citizen-Times
Tue, 05/17/2022 - 2:03am
BING NEWS:
- For the first time since 2022, home prices are falling amid sky-high mortgage rates
Andy Dean - stock.adobe.com Home prices are plummeting at the fastest pace in more than a year, as demand for real estate sinks amid languishing sky-high mortgage rates, according to a recent report ...
06/4/2024 - 6:44 am | View Link - Home prices could drop for the next 6 months as inventory rises by the biggest margin since the financial crisis, investment strategist says
That's according to Brian Nick, a senior investment strategist at Macro Institute, who's calling for a drop in home prices ... to finally be weighing on buyer demand. "As interest rates move up, what ...
06/4/2024 - 5:02 am | View Link - Homebuyers are starting to revolt over steep prices across U.S.
The U.S. housing market — long crippled by an inventory drought — is finally starting to see listings rise. But now, in many places, buyers aren't showing up.
06/3/2024 - 7:38 am | View Link - US house sellers are cutting prices for the first time in over a year
A growing number of home sellers are slashing their prices as they try to lure back lukewarm buyers who are facing both high costs and steep interest rates. That's according to a new report published ...
06/3/2024 - 5:07 am | View Link - More US House Sellers Are Cutting Asking Prices: Report
The drop in prices comes amid decreased demand for homes. One measure of such waning interest is how long homes are staying in the market. Redfin said the median number of days a property is staying ...
06/3/2024 - 3:44 am | View Link - More
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