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Home Listings Surge As Buyers Move Carefully In Spring Market
AZBIGMEDIA
Activity in the housing market is warming up with the weather, but economic uncertainty is causing some buyers to hesitate. According to the latest market report from Zillow®, home sales declined slightly from last year, while inventory reached levels not seen in nearly five years. Competition varies sharply by region.
“Economic anxieties disrupted the start of the home shopping season. In April, many households didn’t know what was next for their jobs, investment portfolios or budgets. This kept some buyers on the sidelines, waiting for clearer economic signals before making major purchases like a home,” said Zillow senior economist Kara Ng. “As uncertainty has since eased, improved availability and affordability in homes could lead to a rebound in the coming months.”
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