It’s no secret that the U.S. housing market has been blazing in 2022. The average annual rate of U.S. home price appreciation hit a record high of 19.2% in January, and buyers are engaged in bidding wars like never before.
A whopping 64% of prospective sellers anticipate placing their homes on the market within the next six months, according to a recent Realtor.com survey. That means more inventory this summer for a market that desperately needs it.
Realtor.com’s survey offers a glimmer of hope for first-time buyers, in particular, researchers said.
To continue reading please click on the link below