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0 -0.00223713646532442 -0.00447427293064883 -0.0054988814317674 -0.0111856823266219 -0.00447427293064883 0.00315883668903798 0.00872483221476511
Stock impact report

Home Sellers Outnumber Buyers By a Record Margin, Upping Buyers’ Bargaining Power

Rocket Companies, Inc. Class A (RKT) 
Company Research Source: Business Wire
There were a record 47% more home sellers than buyers in December, giving the buyers who were in the market negotiating power.The Sun Belt was home to the strongest buyer’s markets last month, while the Northeast and Midwest housed all five seller’s markets.Mortgage rates have ticked down in recent days, which may boost the number of buyers entering the market in January. SEATTLE--(BUSINESS WIRE)--There were an estimated 47.1% more home sellers than buyers in the U.S. housing market in December (or 631,535 more, in numerical terms). That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s the largest gap in records dating back to 2013. It’s up 7.1 percentage points from a month earlier—the largest monthly increase since September 2022—and up 22.2 percentage points from a year earlier.Redfin defines a market with over 10% more sellers than buyers as a buyer’s market. By this definition, it has been a buyer’s market since May 2024.When sellers Show less Read more
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