The Housing Market Is Tilting Back Toward Buyers

In a New York Times feature, Penn IUR Co-Director Susan Wachter offers a nuanced perspective on the shifting power dynamics between home sellers and buyers:

“What was once one of the hottest sellers markets in history is now transforming as we speak to a buyer’s market in most parts of the country,” she notes, but adds an important caveat regarding ongoing affordability barriers. “It’s a buyer’s market but only for a certain kind of buyer. Many buyers are sidelined because they still can’t afford it.”