Competition For Homes Easing Fastest In U.S. South -- Market Talk

Dow Jones11-21

1128 ET - Homebuyers are gaining leverage in negotiations across the nation as competition eased in October, Zillow says. This indicates competition nationwide is creeping closer to becoming a buyers market as activity winds down for the winter and mortgage rates climb back toward 7%, Zillow says. "Unlike mortgage rates and holiday-style seasonality, which show up nationwide, seasonal inventory trends are local. The moving decisions of buyers and sellers may not be as hampered by winter weather in Southern states, for example," Zillow says. Even more of a differentiator is the inventory recovery from record lows during the pandemic in the South and other areas that has helped push the scales of competition in favor of buyers, most prominently in Texas, Florida and in the New Orleans metro, according to Zillow. (chris.wack@wsj.com)

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(END) Dow Jones Newswires

November 20, 2024 11:42 ET (16:42 GMT)

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The moving decisions of buyers and sellers may not be as hampered by winter weather in Southern states, for example,\" Zillow says. Even more of a differentiator is the inventory recovery from record lows during the pandemic in the South and other areas that has helped push the scales of competition in favor of buyers, most prominently in Texas, Florida and in the New Orleans metro, according to Zillow. 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This indicates competition nationwide is creeping closer to becoming a buyers ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ZG","symbol_name":"Zillow Class A","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485440351","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485440351","pubTimestamp":1732120920,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1128 ET - Homebuyers are gaining leverage in negotiations across the nation as competition eased in October, Zillow says. This indicates competition nationwide is creeping closer to becoming a buyers market as activity winds down for the winter and mortgage rates climb back toward 7%, Zillow says. \"Unlike mortgage rates and holiday-style seasonality, which show up nationwide, seasonal inventory trends are local. The moving decisions of buyers and sellers may not be as hampered by winter weather in Southern states, for example,\" Zillow says. Even more of a differentiator is the inventory recovery from record lows during the pandemic in the South and other areas that has helped push the scales of competition in favor of buyers, most prominently in Texas, Florida and in the New Orleans metro, according to Zillow. 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