Homebuyers Gain More Opportunities in Changing Market

New U.S. home listings rose 2.1% to a four-year high, with active listings up 0.4%, giving buyers more options. However, pending sales fell 0.1% to their lowest since February, highlighting a buyer's market. Home prices rose 2.2% year over year, and mortgage rates remain high at 6.66%. Median asking prices slightly declined by 0.1%, while 25.9% of homes sold above asking, especially move-in ready homes in desirable areas.