#housingmarket #homeselling #yahoofinance #inflation

As mortgage rates continue to climb and shelter inflation uncertainties persist, many homebuyers are retreating from the housing market. With affordability challenges mounting, homebuyers are grappling with the harsh realities of diminished purchasing power and escalating costs associated with homeownership. In response to this unstable market environment, home sellers are turning to concessions as a strategic measure to attract buyers and facilitate transactions. Yahoo Finance's Rebecca Chen breaks down the details, explaining how the need to offer concession marks a "changing tide" in the market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

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