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Housing economists point to five main reasons that the market will not crash anytime soon: low inventory, lack of new-construction housing, large amounts of new buyers, strict lending standards ...
“A crash happens with oversupply,” Yun says. “A 30 percent decrease will not happen, because there isn’t enough inventory.” He believes the housing supply will balance out within five years.
An analysis from U.S. News & World Report predicted that through 2029, home prices will “rise more gradually” at just above the overall inflation rate. But that scenario probably won’t play ...
If you have been waiting for prices to drop to buy a house, 2023 could be your year. However, the fall in housing prices doesn't bode as well for current homeowners -- or the overall U.S. economy....
The housing market is defrosting. It “was one of the hardest-hit areas of the economy when the Fed began raising rates, but there are signs activity has turned a corner,” a JPMorgan global ...
Since the Great Depression, the next most dramatic economic crash of the day came in 2008-09, when the overinflated housing bubble burst, sending the U.S. economy into free fall and devastating...
The affordable housing gap is a socio-economic phenomenon characterized by the scarcity of affordable housing relative to the demand for it. [25] This disparity is linked to social , racial , and economic inequality, and disproportionately affects households with lower incomes.
Housing prices have been increasing for the past decade, with median home values soaring to record highs in 2021. While the market has cooled slightly, high mortgage rates and low inventory have ...