We're seeing an interesting shift in the housing market: new home listings have edged up by 0.4%, hitting their highest point since April, and total homes for sale are up 0.5%—the most since May. Yet, despite this increase in available properties, pending home sales have slipped by 1.1%, reaching a six-month low. The main culprits? High costs and mortgage rates hovering around 6.65%.
For those navigating probate or trust sales, these dynamics require a careful approach. Over my 35 years guiding administrators, executors, and trustees through the unique challenges of selling inherited property, I've learned that timing and strategy are everything—especially in a market where supply is growing but buyers are more hesitant. Understanding these shifts is key to protecting beneficiaries and ensuring the best possible outcome.
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