The U.S. housing market is facing significant challenges, with the American Spring Home View-in Season reaching its weakest point in over a decade. Sales from April to June 2025 are reported to be the lowest in 13 years, largely due to high mortgage rates, rising prices, and economic uncertainty. Real estate veteran Glenda Baker noted that while price adjustments are necessary, they won’t resolve the market’s overall uncertainty. Many buyers are hesitant, causing a “numb” market where price cuts are increasingly being urged by agents. Despite some initial optimism at the year’s start, the outlook remains bleak, with warnings that a major price collapse could be on the horizon. Regions like the Northeast and Midwest are experiencing higher prices due to low inventory, while areas in the Sun Belt are seeing an oversupply and slower sales.
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