WS #16184
The US housing market is experiencing a severe downturn, with pending sales hitting a 25-year low as elevated mortgage rates continue to scare off buyers. Builders are increasingly cutting prices to stimulate demand, signaling a potential shift from a seller's to a buyer's market, though the volume decline remains a significant drag on consumer confidence and related sectors.
US Housing Market Deep Freeze
The US housing market is experiencing a severe downturn, with pending sales hitting a 25-year low as elevated mortgage rates continue to scare off buyers. Builders are increasingly cutting prices to stimulate demand, signaling a potential shift from a seller's to a buyer's market, though the volume decline remains a significant drag on consumer confidence and related sectors.