Looking to Buy A Home? This Aspect of the Housing Market Could Be Working in Your Favor

Investopedia11-21

KEY TAKEAWAYS Buyers could gain the upper hand in the housing market as inventory builds back up, especially in Southern cities.While inventory volume fell from September, listings are significantly ...

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This Aspect of the Housing Market Could Be Working in Your Favor","media":"Investopedia","content":"<div>\n<p>KEY TAKEAWAYS\nBuyers could gain the upper hand in the housing market as inventory builds back up, especially in Southern cities.While inventory volume fell from September, listings are significantly ...</p>\n\n<a href=\"https://www.investopedia.com/competition-in-the-housing-market-wanes-providing-more-leverage-to-buyers-8748763\">Source Link</a>\n\n</div>\n","source":"investopedia_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Looking to Buy A Home? 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This Aspect of the Housing Market Could Be Working in Your Favor\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-21 04:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/competition-in-the-housing-market-wanes-providing-more-leverage-to-buyers-8748763><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY TAKEAWAYS\nBuyers could gain the upper hand in the housing market as inventory builds back up, especially in Southern cities.While inventory volume fell from September, listings are significantly ...</p>\n\n<a href=\"https://www.investopedia.com/competition-in-the-housing-market-wanes-providing-more-leverage-to-buyers-8748763\">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":"CFA.SI","symbol_name":"NikkoAM-STC Asia REIT","start_time":0,"source_url":"https://www.investopedia.com/competition-in-the-housing-market-wanes-providing-more-leverage-to-buyers-8748763","article_id":"2485737171","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/shmcG1SixX4d3-6Eh_U_CEvQOfQ=/4000x2666/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-21720767531-9cc4e9a2a9d7478fbf19101a22ae4f51.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485737171","pubTimestamp":1732134469,"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Buyers could gain the upper hand in the housing market as inventory builds back up, especially in Southern cities.While inventory volume fell from September, listings are significantly higher than they were a year ago. More homes on the market means buyers have more options and less competition, which could lead to lower prices.While mortgage rates did not stay at their September lows, the average monthly mortgage payments fell almost $180 compared to last year.More homebuyers had the upper hand in October as competition in the housing market eased due to lower mortgage rates and increased inventory.According to Zillow's October report, the housing market leaned more toward buyers in October, especially in Southern markets. Increased inventory has significantly reduced competition as the market recovers from the record lows during the pandemic.More homes on the market means buyers not only have more options but also face less competition when making offers, Zillow found. With fewer peo","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CFA.SI":"NikkoAM-STC Asia REIT","BK4551":"寇图资本持仓","HBCP":"Home合众银行","Z":"Zillow","BK4195":"互助储蓄与抵押信贷金融服务","BK4548":"巴美列捷福持仓","BK4585":"ETF&股票定投概念","BK4079":"房地产服务","BK4588":"碎股","BK4211":"区域性银行"},"translate_title":"想买房吗？房地产市场的这一方面可能对您有利","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA.SI":1,"HBCP":1,"Z":0.9},"content_text":"KEY TAKEAWAYS\nBuyers could gain the upper hand in the housing market as inventory builds back up, especially in Southern cities.While inventory volume fell from September, listings are significantly higher than they were a year ago. More homes on the market means buyers have more options and less competition, which could lead to lower prices.While mortgage rates did not stay at their September lows, the average monthly mortgage payments fell almost $180 compared to last year.\n More homebuyers had the upper hand in October as competition in the housing market eased due to lower mortgage rates and increased inventory.\n\n\n According to Zillow's October report, the housing market leaned more toward buyers in October, especially in Southern markets. Increased inventory has significantly reduced competition as the market recovers from the record lows during the pandemic.\n\n\n Listing volume fell from September, but new listings increased by 2% compared to the same time last year. There were 18.5% more listings active in October than at the same time during the previous year.\n\n\n More homes on the market means buyers not only have more options but also face less competition when making offers, Zillow found. With fewer people bidding on each listing, home prices could moderate as evidenced by fewer homes being sold above their asking price.\n\n\n However, there is still a long way to go for a full inventory recovery—the number of homes for sale nationwide is roughly 28% below pre-pandemic levels. Part of the issue is a long-standing housing shortage. Zillow found that affordability improved in areas where builders have better kept up with housing demand.\n\nDo you have a news tip for Investopedia reporters? 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