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Help may not be on the way for first-time homebuyers frustrated by high mortgage rates and even higher home prices. Economists at Bank of America warned this week that the US housing market is ...
Finally, America’s housing market is starting to loosen up. But it’ll be a bumpy road back. Elisabeth Buchwald and Bryan Mena, CNN. August 25, 2024 at 10:30 AM ... Affordability issues persist.
There’s good news in the housing market to close out 2024: There’s a lot more supply on the housing market. The bad news: A lot of that supply is stale, sitting unsold for much longer than usual.
Traditional wisdom states that the real estate market needs 5 to 6 months of housing supply to be balanced, or not leaning toward either a buyer’s market or seller’s market. NAR existing-home ...
Unfortunately, this is one of the most significant issues in the housing market. A Zillow analysis released in 2024 found that, as of 2022, the U.S. had a housing shortfall of 4.5 million homes ...
America’s housing market is finishing a year of high prices, sluggish sales and elevated mortgage rates. But there are factors that could give it a boost next year. The Federal Reserve began to ...
According to Wall Street economists, the U.S. housing market will not significantly improve until at least 2026, and home affordability is unlikely to increase without a recession. Bank of America ...
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...