https://www.bizjournals.com/austin/news/2023/01/30/buyers-coming-back-housing-market.html
Sellers are starting to offer concessions to prospective buyers due to more competition. I'm curious to see what happens in March-April when the buying season begins.
Quote:
On the new-build side, the National Association of Home Builders/Wells Fargo Housing Market Index, which measures homebuilder confidence, increased this month for the first time since December 2021. Some major builders, such as Arlington, Texas-based D.R. Horton Inc. (NYSE: DHI), have signaled they plan to increase their housing starts this spring in anticipation of more buyer demand.
To be sure, one month's worth of data isn't indicative of a major shift and the NAHB/Wells Fargo index, at 35, is still low compared to historic standards. But economists, analysts and real estate agents are hoping a more typical spring housing market will take place this year.
Sellers are starting to offer concessions to prospective buyers due to more competition. I'm curious to see what happens in March-April when the buying season begins.
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