Housing’s power shift: Buyers regaining the upper hand
Feb 02, 2026
After years of bidding wars and seller dominance, the U.S. housing market is finally tilting back toward buyers, The Wall Street Journal writes.
Nearly two-thirds of homes sold last year closed below their original listing price, the highest share since 2019, with average discounts reaching about
8%, according to Redfin. Buyers are also increasingly securing concessions such as cash for closing costs or mortgage rate buydowns.
The shift reflects a widening gap between sellers and buyers, with more than 600,000 additional sellers than buyers nationwide, even as overall home sales remain near 30-year lows. High prices and elevated mortgage rates continue to sideline many would-be buyers, but those able to transact now face more inventory and stronger negotiating power.
The market has become especially buyer-friendly in parts of the South, including Florida and Texas, where recent construction has boosted supply. With mortgage rates easing and price growth slowing, economists expect modest sales gains and a more balanced pricing environment in the year ahead.
The Wall Street Journal has the full story.
...read more
read less