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Stock impact report

More Cities Are Turning Into Buyer's Markets—Where Homebuyers Now Have the Upper Hand [Yahoo! Finance]

eXp World Holdings, Inc. (EXPI) 
NASDAQ:AMEX Investor Relations: expworldholdings.com
Company Research Source: Yahoo! Finance
In early summer, seven of the top 50 U.S. metros —led by Miami Austin, TX , and Orlando, FL — moved into buyer's market territory, as their months of supply surpassed the six-month benchmark, according to Realtor.com® economists' new data analysis. Simply put, the months of supply metric indicates how many months it would take for all the listed homes on the market (including pending listings) to be sold at the current sales pace. The higher the months of supply, the slower the market—and the more leverage buyers have. By August—the latest month with available data—the list of buyer's markets had swelled to 11, with Denver Nashville, TN Raleigh, NC , and Houston joining the roster. To determine the months of supply, economists used August sales data from the Realtor.com public records database, including both existing-home and new-home sales, along with multiple listing service sales figures where available. The rule of thumb is that it is a seller's market if supply drops Show less Read more
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