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What, exactly, is the 2023 housing market going to look like? It's a difficult question to answer. Some may envision 2023 shaping up to follow in the footsteps of the 2008 subprime mortgage crisis...
“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.
In late October 2023, existing-home sales plummeted to the lowest level since 2010, when the world economy, and particularly the U.S. housing market, were struggling to pull out of the Great ...
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 ...
Even in regions with relatively abundant market-rate housing, the market can fail to supply safe and sufficient housing to populations with very low income or disabilities that impair independent living. Insufficient public funding has contributed to a distinct housing crisis affecting these groups.
And so far, in 2023, a combination of low inventory, high mortgage rates and inflation has continued to... Housing Market 2023: 4 Predictions for August, According to Experts Skip to main content
The American dream of homeownership has taken a backseat for many due to a slew of factors so far this year. Inflation, record mortgage rates and very low inventory have been paving an arduous road...
In June 2023, the Black Belt Community Foundation gave $150,000 (2023 USD) to aid with recovery and rebuilding efforts in Selma. [65] By October 2023, debris was removed from all residential properties within the city limits of Selma. [66] Through 2023, the City of Selma gave away homes to several people whose property was destroyed by the tornado.