For homebuyers, 7% mortgages become the 'new normal' As spring approaches, home buyers and sellers are beginning to accept their new reality and stop waiting for better deals. Experts expect buyers to carry a little more weight this year compared to last.
Zillow data shows that one in five homes for sale suffered a price reduction in January, and that the typical home was on the market for 29 days, longer than during last year's buying frenzy but 19 days less than the average prior to the pandemic.