LOS ANGELES (AP) — This spring homebuying season is shaping up to be more favorable for home shoppers than it’s been in recent years — as long as they can afford to buy.
Home prices are rising more slowly. Mortgage rates remain elevated, but have been mostly easing and could be headed lower if the U.S. economic outlook continues to darken over the Trump administration’s widespread tariffs, which have rattled financial markets and stoked fears of a recession.
Most importantly, the number of homes on the market is up sharply from a year ago.
While the inventory of homes for sale nationally is still low by historical standards, active listings — a tally that encompasses all homes on the market except those pending a finalized sale — surged 28.5% last month from a year earlier, according to data from Realtor.com. Listings jumped between 44% and 68% in many large metro…
