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Recent reports show a cooling US housing market with increased buyer leverage, more concessions from sellers, and rising inventory. Luxury markets see more cash deals, while affordability remains a concern for typical buyers amid higher mortgage rates and economic uncertainty.
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Multiple U.S. states and federal authorities have filed lawsuits against Zillow and Redfin over a $100 million agreement. The deal allegedly restricted competition in rental advertising, potentially raising prices for renters and reducing market options. Both companies deny wrongdoing, claiming the partnership benefits consumers. The legal battle highlights ongoing industry tensions over market dominance and listing transparency.
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The US housing market shows signs of stagnation with record-low home turnover rates, rising mortgage rates, and declining homeownership. Fewer homes are changing hands, and buyer activity remains subdued amid economic uncertainty and high prices, impacting affordability and mobility.