Housing Market Shows Signs of Stabilizing After April Dip

This news segment discusses the current state of the U.S. housing market. Pending home sales declined in April due to rising mortgage rates and economic uncertainty, though some stabilization was seen in May. Real estate broker Bianca D’Alessio notes that buyers now have more room to negotiate — a notable shift from the previous seller’s market. She advises prospective buyers to make offers on homes they’re interested in, as sellers’ transaction points are often unclear. While significant price drops are unlikely, some repricing and continued stabilization are expected. D’Alessio cautions against waiting for interest rates to fall, as that would trigger a surge of buyer activity. The market remains highly localized and price-sensitive, making expert guidance essential for buyers.