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Two-Thirds of U.S. Markets Now Favor Buyers. Their Budgets Just Shrank by $22,000.

Two-thirds of measured U.S. markets favor buyers or are moving toward them, while higher mortgage rates shrink purchasing power. What agents should explain.

Two-Thirds of U.S. Markets Now Favor Buyers. Their Budgets Just Shrank by $22,000.

Illustrative photograph by Daniel Barnes / Unsplash. Not a photograph of a specific property or project discussed in this story. Photographer. Buyers just picked up leverage in two-thirds of the country. Their budgets shrank at the same time. That is the split at the center of Realtor.com's third-quarter Market Clock report, released October 19. It tracks 99 metro areas through September. According to Realtor.com, 17 metros are now buyer's markets and 49 more are balanced but loosening toward buyers. Only…

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