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Housing standoff: Sellers want more, but buyers aren't budging

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List prices are rising more than twice as fast as sale prices — a sign that homebuyers and sellers are out of sync.
The article from Yahoo News discusses the current dynamics in the U.S. housing market, highlighting a standoff between home sellers and buyers due to differing expectations on pricing. Sellers are holding out for higher prices, influenced by the significant home price increases seen during the peak of the market, while buyers are pushing back against these elevated prices due to rising mortgage rates and economic uncertainty. This has led to a slowdown in home sales, with many properties staying on the market longer than usual. The article also notes regional variations in the market, with some areas experiencing more significant price adjustments than others. Experts suggest that sellers may need to adjust their expectations to meet the current market conditions, while buyers are advised to remain patient and prepared for potential opportunities as the market continues to evolve.

Read the Full NewsNation Article at:
[ https://www.yahoo.com/news/housing-standoff-sellers-want-more-193332047.html ]