If The Housing Market Is Crashing... Why Are 25% Of Homes Selling Over Asking?

Everybody keeps talking about a housing crash. The latest housing data says something very different. In May, first-time homebuyers made up 35% of all purchases, the highest share since 2020. At the same time, 25% of homes sold above asking price. If the market is crashing, why are buyers still competing and bidding over asking? Real estate remains local, but nationally the data looks much more like normalization than collapse. Russell McDonald | NMLS 290837 | Broker CA DRE 01150730 Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628 Real Estate Broker - CA Dept of Real Estate #HousingMarket #RealEstate #HomeBuying #FirstTimeHomeBuyer #MortgageRates #HousingCrash #InterestRates #HomeOwnership