Recently hot housing markets now see biggest sales declines

Recently hot housing markets now see biggest sales declines Buyers-especially in urban areas in the west-stepped back last year after a jump in mortgage rates made it more expensive to buy.

(Bloomberg)-Buyers in the tightest U.S. housing markets finally got what they’ve been looking for: inventory. But instead of sales surging as a result, they’re sinking. In Salt Lake City, where.

Recently Hot Housing Markets Now See Biggest Sales Declines By prashant gopal april 22, 2019, 9:47 AM EDT Updated on April 22, 2019, 11:08 AM EDT LISTEN TO ARTICLE 1:53 SHARE THIS ARTICLE Share Tweet Post Email

The U.S. housing market is a major indicator of the strength of the economy. When the economy is strong and people are confident about the future, they are more inclined to buy houses, upgrade.

Recently Hot U.S. Housing Markets Now See Biggest Sales Declines Bloomberg April 23, 2019 (Bloomberg) — Buyers in the tightest U.S. housing markets finally got what they’ve been looking for: inventory.

Recently Hot U.S. Housing Markets Now See Biggest Sales Declines Prashant Gopal , Bloomberg News Rows of houses stand in Las Vegas, Nevada, U.S., as seen in this aerial photo taken on Tuesday, Sept. 22, 2009.

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In Salt Lake City, where listings jumped 53% in March from a year earlier, transactions fell 21%, the biggest drop in the country, according to a report from brokerage Redfin Corp. Utah’s capital was followed by Los Angeles, Las Vegas and Orange County, Calif., all previously hot markets where inventory has been rising.

Flat home sales last month lowered the temperature a bit in Central texas’ long-hot housing. market," are taking a wait-and-see approach. "They’re looking, but they’re not in a rush," Dochen said..

Realtor.com’s Quarterly Turnaround Towns Report measures the strength of the recovery in the nation’s large housing markets. The site ranked the markets with the biggest declines. These are the hot.

Recently hot housing markets now see biggest sales declines. crain’s turned to analysts and real estate agents to find out what was behind the decline. A drop in home sales doesn’t impact only.

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Recently Hot U.S. Housing Markets Now See Biggest Sales Declines April 22, 2019 Prashant Gopal

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