An anticipated increase in new home sellers this winter could mean some relief from the inventory crunch.
Buyers should be ready for high asking prices and offer deadlines as seller expectations of the upcoming market are greater than in the spring, according to a new Realtor.com survey.
After sitting on the sidelines as low mortgage rates fueled homebuyer demand and listing price growth throughout the pandemic, the majority of prospective sellers, or 65%, are eager to enter the housing market within the next six months, the survey said.
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