During late-Q4, US home sales ↓ 38% yearly and the number of homes for sale ↑ 69%. Also, in Dec listings ↓ 25.2% MoM and ↓ 15.1% yearly. The median home price of $385K ↑ 1.3% yearly, though ↓ 2.3% MoM. All in, easing mortgage rates could boost homebuying demand.
Market Update