CNBC Housing Market Survey: Half of respondents say it's a buyer's market

Housing Market Assessment - CNBC launched a quarterly housing market survey to understand neighborhood-level real estate dynamics beyond national statistics [1] - The survey gathers insights from real estate agents across various neighborhoods [1] Buyer and Seller Dynamics - Half of the agents reported a buyer's market due to increased inventory and nervous sellers [2] - 89% of agents had at least one seller who reduced prices [2] - Some sellers chose to delist their homes from the market [2] Future Outlook - Most agents are optimistic about sales in the next quarter, expecting them to improve or remain stable [3] - A small number of agents anticipate a decrease in sales [3] - Falling mortgage rates are a key factor driving optimism [3] - Potential buyers are waiting on the sidelines, anticipating further declines in mortgage rates [3] Mortgage Rate Impact - Increased demand is expected when mortgage rates fall below 6% [4]