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Sellers outnumber buyers as prices and rates bite market
U.S. housing shows 34 percent more sellers than buyers in April per Redfin, with 1.9 million sellers to 1.5 million buyers. Mortgage rates near 7 percent and prices still rising shift power toward buyers, prompting price cuts and incentives as inventory remains limited and affordability stays a hurdle.
MENTIONED IN THIS ARTICLE
Los Angeles
U.S
Redfin
Asad Khan
Freddie Mac
Realtor. Com
Dallas
Oakland
California
Jacksonville
Florida
Miami
Newark
New Jersey
National Association of Realtors
NAR