According to Realtor.com's recent monthly trends report, the bargaining power of U.S. homebuyers improved in January.

 

According to Realtor.com's recent monthly trends report, the bargaining power of U.S. homebuyers improved in January.

 Falling mortgage rates, increase in inventory, and slower growth in asking price contributed to the improvement in bargaining power. 


  • Chief Economist at Realtor.com, Danielle Hale, said the trends show that buyers are gaining an advantage in the market but are discouraged by high prices and financing costs.
  • Nashville led 49 of the 50 largest U.S. metros that reported yearly active inventory gains last month. Austin and Rayleigh followed Nashville, while Hartford reported an inventory decline. 
  • A typical U.S. home spent 75 days on the market, seeing a 13-day YoY increase. 
  • The annual decline in new listings, an indicator of home selling interest, dropped by 5.4%. 

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