Homebuyers and Sellers Adapt to Changing Market Conditions

August 16, 2022 Demetria Lester

A new Zillow analysis revealed home-buying demand has cooled from the record pace of 2021, while competition is now at its hottest for the lowest-priced homes as mounting affordability hurdles involuntarily stretch buyers' budgets. Throughout most of the pandemic, buyers shopping in the middle and top price tiers faced the strongest competition —as inventory was ...

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