Redfin chief economist Nela Richardson sees two profound market dynamic shifts that should play a catalytic role in the present and near-future housing market: The first is a slowdown in home price growth. The second is a shift in pricing power from sellers to a more balanced market. Add seller-urgency to buyer-motivation and you’ve got the makings of a market that can move.
Power Shift: Buyers Get an Upper Hand As Supply Expands, Motivation Intensifies
