There are now two real-estate agents for every home for sale

4/27/2023

There are now two real-estate agents for every home for sale, per BI.

A report from Market Watch also shared the state of Americans when it came to wanting to buy property. The study found that 28 million wanted to purchase a home within the year.

The data came from Ned Wallet's annual Home Buyer Report, which tackled how Americans are wanting to buy homes. It found that for a fifth consecutive year, buying a home remains the priority for 8 in 10 Americans.

To be specific, 83% of Americans said that it was their priority to buy a home. The poll involved 2,051 adult participants from December 1-5, 2022.

Nerdwallet Home and Mortgages expert Holden Lewis commented on the situation, sharing how the situation was for homebuyers since the beginning of the pandemic. It was noted that buyers "haven't caught a break" since the pandemic started.

Lewis: "Competition among buyers was fierce in 2020 and 2021, and then mortgage rates skyrocketed in 2022. The housing market finally might be friendlier to buyers in 2023. Mortgage rates could fall, and home prices might decline in some places."

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