Homebuilders Are Slashing Prices — But Only In Certain Markets
Zillow's "multiple downward revisions" suggests that the housing market in the USA is cooling down?
Zillow, the largest Real Estate platform in the USA, has repeatedly lowered its housing price expectations. In March, it predicted that housing prices in the USA would increase by 0.8% over the next year, but in April, it shifted to a bearish outlook and projected a decrease of 1.7%. Zillow pointed out that high housing prices and mortgage rates are suppressing home-buying demand, while the increase in listings provides buyers with more room for negotiation.
March Housing Starts Drop More Than Projected on Single-Family Slump
Toll Brothers Announces Parkside West Now Selling in Milpitas, California
New Toll Brothers Luxury Home Community Now Open for Sale in Cumming, Georgia
BofA Securities Maintains Toll Brothers(TOL.US) With Buy Rating, Cuts Target Price to $132
