Deep Freeze Hit the Housing Market in December With the …

Jan 2, 2025 · When it comes to nationwide housing stock, the South continued to dominate the market, with a 26.7% surge in active listings compared with December 2023, although the …

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Deep Freeze Hit The Housing Market In December With The …

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Jan 2, 2025 · When it comes to nationwide housing stock, the South continued to dominate the market, with a 26.7% surge in active listings compared with December 2023, although the …

realtor.com

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Housing Market Deep Freeze: The Fed Successfully Froze U.S. Home …

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Jul 25, 2023 · Between May 2022 and May 2023, U.S. home prices fell 0.5%—compared to the 19.9% uptick from May 2021 to May 2022.

yahoo.com

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A Debt Ceiling Default Would Send The U.S. Housing Market Back

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May 11, 2023 · A debt ceiling default would send the U.S. housing market back into a deep freeze. ... with projected deficits of up to 23% fewer sales in the hardest hit month in a severe …

zillow.com

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Existing-home Sales Hit 13-year Low As Housing Market Enters Deep ...

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Oct 20, 2023 · Zillow warned in May that housing would enter a “deep freeze” if mortgage rates hit 8%. They came anyway—and existing home sales hit a 13-year low.

fortune.com

FAQs about Deep Freeze Hit the Housing Market in December With the … Coupon?

How long did homes stay on the market in December 2023?

“Homes spent 70 days on the market, the slowest December in five years and the slowest month since January 2023,” says Realtor.com® senior economist Ralph McLaughlin in his December monthly housing report. The average home lingered on the market for nine days longer than in December 2023. ...

Is a deep freeze starting to thaw in residential real estate?

There were some signs of improvement late last year. Pending home sales rose for four months in a row through November, boosting hopes that the two-year deep freeze in residential real estate was starting to thaw. ...

How many homes were sold in December?

In all, there were about 871,600 active, unsold listings on the market in December, along with some 350,000 under-contract listings. December’s sluggish market could be both a blessing and a curse for buyers thinking of snapping up a home during the slow winter months. ...

What's going on with the housing market in December?

The Midwest and Northeast continued playing catchup with their housing stock levels, with active listing counts sitting at 15.2% and 6.9%, respectively, and listing prices remaining virtually flat year over year. Meanwhile, new listings were all over the map in December, with the South seeing the biggest gain, at 4.8%, followed by the West, at 2%. ...

Is the frozen housing market over?

After a particularly rough stretch, the frozen housing market has begun to thaw. Mortgage rates have tumbled, more homes are being listed, and sales are rising as buyers are pouncing on their sudden change in fortune. “The worst is over for the housing market,” says Mark Zandi, chief economist at Moody’s Analytics. ...

How many days did home buyers spend on the market in December?

Homes spent 70 days on the market in December, which is nine more days than last year. Like homebuyers, sellers also took a breather last month, with just 0.9% more homes newly listed on the market compared with last year, and down 2% from November. ...