New data from the National Home Builders Association shows some optimism in the housing market. But Realtors in markets from Seattle to Miami say the picture on the ground is complicated.
While would-be buyers are facing economic uncertainty, would-be sellers can afford to hold out for more money.
Among affordability constraints and the high cost of labor and materials, experts say construction loans for builders could play a role, too.
The average mortgage rate is substantially lower than it was a year ago. Will it bring buyers back to the housing market?
Experts predict a gradually improving market, with some big caveats.
The holidays are usually a slow season for homebuying. But this year, more people are trying to take advantage of the opportunity to get a good deal.
Almost a third of all homes sold in the first six months of this year went to buyers who made all-cash offers.
August saw a 1.4% drop in active listings, while new listings dropped 1.1%, according to new data from Redfin.
New research suggests people are getting used to high prices and mortgage rates.
Economic uncertainty and high interest rates are holding back buyers, though high-end cash purchasers aren't waiting.
