The Red-Hot U.S. Housing Market Finally ‘Offers Hope’ for Buyers and Sellers, According to This Real-Estate Economist

This year’s sellers “are looking to buy their next homes at more approachable price points,” the report noted, with more than half (53%) of sellers aiming to buy a property priced at $500,000 and below, and 17% looking for one costing $200,000 or below. “The distribution of sale prices points to an encouraging sign for many buyers who found last year’s housing market highly frustrating due to escalating prices,” the poll of more than 3,000 home buyers and sellers said. “An increase in the number of affordably-priced homes for sale would be welcome news for markets,” it said, adding that nearly one-third of homeowners plan to sell their homes in the trade-up range of $500,000 to $1,000,000.

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