According to Zillow's report, new listings from home sellers surged in May, marking a 13% increase from the previous year. This influx of listings reflects a renewed confidence among homeowners who are eager to capitalize on the market. Orphe Divounguy, a senior economist at Zillow, notes, “You ha

  The United States is grappling with a severe housing shortage, a situation that has profound implications for affordability and availability nationwide. With an estimated need for 1.5 million additional homes to meet current demand, the housing market is under unprecedented pressure. This shortage

  Across the U.S., 6.4% of home sellers issued a price cut in the month leading up to May 26, according to a recent report from a real estate listing site. This is the highest percentage of sellers reducing prices since November 2022, when the 30-year fixed mortgage rate spiked past 7% for the first