Amid low inventory and rising interest rates, some are painting a bleak picture for potential homebuyers in 2023. But some surveys suggest buyers remain optimistic. Compare reports from FortuneMagazine, insider and foxbusiness:
The housing market’s all-important spring season has arrived, but there aren’t many homes going up for sale.
According to Realtor.com , only 392,016 U.S. homes were listed for sale in April 2023. That’s below the 497,844 listed in April 2022—a period that was infamous for its tight supply—and far below the 552,082 listed in April 2019. Redfin chief economist Daryl Fairweather might have summed up the phenomenon the best when she tweeted last week: “Homeowners are quiet quitting the housing market.”From the Left
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