logo
More home sellers are pulling properties off the market rather than dropping prices

More home sellers are pulling properties off the market rather than dropping prices

The US housing market has been tilting in buyers' favor recently, but a rising trend among home sellers could stall that momentum.
A report from Realtor.com this month showed that rather than lowering the price of their homes or negotiating with buyers, many sellers are opting to simply remove their homes from the market.
The company's Monthly Housing Market Trends Report for June 2025 shows that sellers in the South and West have been facing downward pricing pressure, as both housing supply and median time on market have exceeded pre-pandemic levels. Throughout the East and North, however, prices have risen slightly.
Even as national markdowns have grown, though, Realtor.com reports that "national median list prices have held steady." This indicates that sellers are still driven by high expectations, even in a volatile and complicated economy.
"Delistings outpaced overall inventory gains—jumping 35% year to date and 47% year over year in May, compared with active listing growth of 28.4% and 31.5%, respectively," the report stated. "The spike signals that some sellers would rather wait than negotiate, suggesting recent buyer-friendly momentum could wane."
The message is clear for aspiring home buyers. Sellers are not interested in settling for a lower price, even if that means waiting longer to sell their home or backing out of the market entirely.
Jake Krimmel, a senior economist at Realtor.com highlighted that sellers are enjoying "record high levels of home equity," which grant them significant flexibility.
"This allows many sellers to withdraw their homes from the market if their asking price isn't met," he stated.
A lack of inventory is likely to lead to a shift in the housing market, as fewer homes for sale could push prices up again after a period that saw prices plateau or decline in key markets.
Other data shows that the number of first-time home buyers has steadily decreased, as economic conditions compel buyers—especially younger people—to see renting as a better financial decision.
If sellers continue to remove their homes from the market rather than lower prices, this trend is likely to continue. As housing experts told Business Insider recently, this poses negative consequences for the broader economy, as the housing market is an important engine for growth.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Scams, forgotten passwords, and lost fortunes: Meet the digital locksmith who helps people get their bitcoin back
Scams, forgotten passwords, and lost fortunes: Meet the digital locksmith who helps people get their bitcoin back

Yahoo

timean hour ago

  • Yahoo

Scams, forgotten passwords, and lost fortunes: Meet the digital locksmith who helps people get their bitcoin back

Crypto prices are surging, and so are cases of lost crypto keys and crypto scams. Crypto recovery specialist Julia Burlingham is seeing a business boom as a result. Here's what happens if you lose access to your crypto wallet. Forgetting your Instagram password is annoying. Forgetting your crypto wallet password could be devastating. Crypto owners don't have the luxury of emailing themselves a password reset link if they're locked out of their self-custody wallet. It's an issue that's becoming bigger as bitcoin and other cryptos surge in price and crypto holders scramble to retrieve previously abandoned wallets. For Julia Burlingham, who owns the business Professional Crypto Recovery, business is booming. "When the price of bitcoin goes up, my phone rings all day," Burlingham told Business Insider. Burlingham started her business five years ago, after helping her brother recover his dogecoin during the memecoin's heyday. According to Burlingham, she was able to unlock his wallet, where an initial $300 investment had grown to $6,000. She's seen it all, from people who inherit locked crypto wallets to those who have misplaced their seed phrase. Here's what it's like inside the world of crypto recovery. How does crypto storage work? There are two main ways of holding crypto: on an exchange like Coinbase, or through self-custody using your own crypto wallet. While self-custody provides more control and privacy, the responsibility of securing the wallet lies in — as the name implies — yourself. Setting up a self-custody wallet generates a seed phrase of 12 or 24 random words that encodes your private key. People often write the seed phrase down with pen and paper, according to Jess Houlgrave, CEO at the digital asset startup Reown. Issues arise when that slip of paper isn't stored securely. "As soon as you're in the self-custodial realm, you need to be able to store and recover your seed phrase in order to be able to use the assets," Houlgrave told Business Insider. She's also seen people store their passkeys on Google Drive or password managers, which Houlgrave doesn't recommend, as those methods are susceptible to being hacked. Both Houlgrave and Burlingham mentioned that the LA wildfires earlier this year resulted in many people losing their seed phrases when their homes burned down. Last year, Reuters reported that some wallet recovery services saw requests for their services more than triple when bitcoin rose to $70,000. Now, with bitcoin prices firmly in six-figure territory, the stakes are even higher. A day in the life of a crypto locksmith Burlingham helps people with issues such as forgotten passwords, partial seed phrases, corrupted wallet files, or old wallets that no longer sync with the blockchains. Her clients range from original bitcoin investors who bought over a decade ago to people who just set up their accounts recently and suddenly lost access. "Depending on the wallet, sometimes you can brute force it," Burlingham said. It helps if you remember fragments of a password or seed phrase. "I'll ask for password clues and how they typically make their passwords," Burlingham added. Using specialized supercomputers with high GPU and CPU power, Burlingham runs password recovery tools that test millions of combinations. Because wallets and private keys are highly sensitive, she runs them on air-gapped computers, or machines that aren't connected to the internet. Burlingham also helps those who have been scammed of their crypto, a growing problem. According to a report by Chainalysis, more than $2 billion was stolen from cryptocurrency services already in 2025, surpassing the total for all of 2024. The recovery process can take months. One case that Burlingham started in November of last year took until this April to finish. Recovering crypto is also an energy intensive endeavor. "It's really high," Burlingham said of her electricity bill. "You have to have cooling systems because these machines produce a lot of heat." Lost crypto Unfortunately, sometimes, nothing can be done to recover the crypto. According to crypto wallet provider Ledger, it's estimated that between two and four million bitcoins are permanently lost. James Howell is an infamous example of this unlucky outcome — the IT worker accidentally threw away a hard drive containing 8,000 bitcoins back in 2013. In the case of crypto, an ounce of prevention is worth a pound — or several — of cure. Make multiple copies of your seed phrase and putting them into secure physical locations, such as a locked safe or bank vault, Burlingham recommends. And it may sound simple, but avoiding phishing links and keeping your seed phrase private are steps that many people still overlook. Read the original article on Business Insider

Scams, forgotten passwords, and lost fortunes: Meet the digital locksmith who helps people get their bitcoin back
Scams, forgotten passwords, and lost fortunes: Meet the digital locksmith who helps people get their bitcoin back

Business Insider

time4 hours ago

  • Business Insider

Scams, forgotten passwords, and lost fortunes: Meet the digital locksmith who helps people get their bitcoin back

Crypto prices are surging, and so are cases of lost crypto keys and crypto scams. Crypto recovery specialist Julia Burlingham is seeing a business boom as a result. Here's what happens if you lose access to your crypto wallet. Forgetting your Instagram password is annoying. Forgetting your crypto wallet password could be devastating. Crypto owners don't have the luxury of emailing themselves a password reset link if they're locked out of their self-custody wallet. It's an issue that's becoming bigger as bitcoin and other cryptos surge in price and crypto holders scramble to retrieve previously abandoned wallets. For Julia Burlingham, who owns the business Professional Crypto Recovery, business is booming. "When the price of bitcoin goes up, my phone rings all day," Burlingham told Business Insider. Burlingham started her business five years ago, after helping her brother recover his dogecoin during the memecoin's heyday. According to Burlingham, she was able to unlock his wallet, where an initial $300 investment had grown to $6,000. She's seen it all, from people who inherit locked crypto wallets to those who have misplaced their seed phrase. Here's what it's like inside the world of crypto recovery. How does crypto storage work? There are two main ways of holding crypto: on an exchange like Coinbase, or through self-custody using your own crypto wallet. While self-custody provides more control and privacy, the responsibility of securing the wallet lies in — as the name implies — yourself. Setting up a self-custody wallet generates a seed phrase of 12 or 24 random words that encodes your private key. People often write the seed phrase down with pen and paper, according to Jess Houlgrave, CEO at the digital asset startup Reown. Issues arise when that slip of paper isn't stored securely. "As soon as you're in the self-custodial realm, you need to be able to store and recover your seed phrase in order to be able to use the assets," Houlgrave told Business Insider. She's also seen people store their passkeys on Google Drive or password managers, which Houlgrave doesn't recommend, as those methods are susceptible to being hacked. Both Houlgrave and Burlingham mentioned that the LA wildfires earlier this year resulted in many people losing their seed phrases when their homes burned down. Last year, Reuters reported that some wallet recovery services saw requests for their services more than triple when bitcoin rose to $70,000. Now, with bitcoin prices firmly in six-figure territory, the stakes are even higher. A day in the life of a crypto locksmith Burlingham helps people with issues such as forgotten passwords, partial seed phrases, corrupted wallet files, or old wallets that no longer sync with the blockchains. Her clients range from original bitcoin investors who bought over a decade ago to people who just set up their accounts recently and suddenly lost access. "Depending on the wallet, sometimes you can brute force it," Burlingham said. It helps if you remember fragments of a password or seed phrase. "I'll ask for password clues and how they typically make their passwords," Burlingham added. Using specialized supercomputers with high GPU and CPU power, Burlingham runs password recovery tools that test millions of combinations. Because wallets and private keys are highly sensitive, she runs them on air-gapped computers, or machines that aren't connected to the internet. Burlingham also helps those who have been scammed of their crypto, a growing problem. According to a report by Chainalysis, more than $2 billion was stolen from cryptocurrency services already in 2025, surpassing the total for all of 2024. The recovery process can take months. One case that Burlingham started in November of last year took until this April to finish. Recovering crypto is also an energy intensive endeavor. "It's really high," Burlingham said of her electricity bill. "You have to have cooling systems because these machines produce a lot of heat." Lost crypto Unfortunately, sometimes, nothing can be done to recover the crypto. According to crypto wallet provider Ledger, it's estimated that between two and four million bitcoins are permanently lost. James Howell is an infamous example of this unlucky outcome — the IT worker accidentally threw away a hard drive containing 8,000 bitcoins back in 2013. In the case of crypto, an ounce of prevention is worth a pound — or several — of cure. Make multiple copies of your seed phrase and putting them into secure physical locations, such as a locked safe or bank vault, Burlingham recommends. And it may sound simple, but avoiding phishing links and keeping your seed phrase private are steps that many people still overlook.

Gaston County home listings asked for more money in June – see the current median price here
Gaston County home listings asked for more money in June – see the current median price here

Yahoo

time4 hours ago

  • Yahoo

Gaston County home listings asked for more money in June – see the current median price here

The median home in Gaston County listed for $338,950 in June, up 1.2% from the previous month's $335,000, an analysis of data from shows. Compared to June 2024, the median home list price slightly increased from $338,900. The statistics in this article only pertain to houses listed for sale in Gaston County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at Gaston County's median home was 1,720 square feet, listed at $205 per square foot. The price per square foot of homes for sale is up 2.4% from June 2024. Listings in Gaston County moved steadily, at a median 50 days listed compared to the June national median of 53 days on the market. In the previous month, homes had a median of 45 days on the market. Around 376 homes were newly listed on the market in June, a 1.1% increase from 372 new listings in June 2024. The median home prices issued by may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales. Across the Charlotte-Concord-Gastonia metro area, median home prices rose to $454,500, slightly higher than a month earlier. The median home had 2,039 square feet, at a list price of $224 per square foot. In North Carolina, median home prices were $425,000, the same as May. The median North Carolina home listed for sale had 1,981 square feet, with a price of $220 per square foot. Throughout the United States, the median home price was $440,950, a slight increase from the month prior. The median American home for sale was listed at 1,852 square feet, with a price of $233 per square foot. The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on The Gaston Gazette: Gaston County home listings asked for more money in June – see the current median price here Solve the daily Crossword

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store