U.S. Housing Market: Strategic Pricing Key as Buyer Leverage Shifts
Danielle explains that a buyerโs market offers more homes than buyers, enhancing buyer leverage. While some homes still receive multiple offers, "strategic pricing is crucial." Buyers should watch inventory and price trends, especially in Sunbelt cities. Despite higher mortgage rates, prepared buyers have stronger negotiating power, particularly in mid-sized cities and suburban areas. Sellers are adjusting prices to meet buyer expectations.
Sellers Staying Home During Showings: A Growing Trend?
Danielle notes no significant increase in sellers staying home, citing buyer discomfort as a downside. Blake observes a rise, attributing it to limited mobility among downsizing sellers. While sellers can offer insights, their presence may hinder buyers' experience. Blake predicts the trend will grow, emphasizing the importance of home presentation over seller presence.
Homebuyers Seek Flexibility and Smart Tech in 2023
Danielle notes a rising demand for flex spaces adaptable as offices, gyms, or guest rooms. Buyers favor practical smart home features like thermostats and security systems. Style-wise, warm woods and earth tones are in, but buyers are cautious of underlying issues. Danielle says, โStyle matters, but so does peace of mind.โ