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Spring Homebuying Hits 13-Year Low Amid Rising Listings

8/3/2025

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Summary

Sellers Struggle Nationwide

New Hampshire's real estate market favors sellers, with inventory rising and median days on market increasing to 28.
The U.S. spring homebuying season reached a 13-year low, impacted by high mortgage rates and economic uncertainty.
Las Vegas experienced a 38% year-over-year increase in active listings, while sales declined by 15%.
Cape Coral, Florida, struggles with over 50% of homes facing price reductions.

Summary

Bank Cuts Rates

The Bank of England has reduced its base rate from 5.25% to 4.25% to support economic growth while managing inflation.
Average 2-year fixed mortgage rates have dropped to 3.91%, down from over 6.39% in 2024.
Over 1 million households still face higher fixed-rate mortgages, limiting their savings potential.
Consumer spending is cautious, with households feeling £11 billion poorer annually due to high living costs.
First-time buyers struggle with high deposit requirements, prompting a shift towards shared ownership schemes.

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Sellers Struggle Nationwide

New Hampshire's real estate market favors sellers, with inventory rising and median days on market increasing to 28.
The U.S. spring homebuying season reached a 13-year low, impacted by high mortgage rates and economic uncertainty.
Las Vegas experienced a 38% year-over-year increase in active listings, while sales declined by 15%.
Cape Coral, Florida, struggles with over 50% of homes facing price reductions.

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