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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 ...
“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.
Those who braved the housing market in 2024 faced one of the slowest sales years in three decades. Next year is shaping up to be a little bit better. Many of the plights that kept would-be buyers ...
Key housing market stats The median home-sale price in the U.S. as of October 2024 was $407,200, according to NAR. That’s a year-over-year increase of 4.0 percent and the highest October median ...
And housing starts have still not recovered from the bursting of the housing bubble in the mid-2000s. Divide between haves and have-nots The forecast for a “stuck” housing market cuts both ways.
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 ...
The past few years have been a wild ride for real estate. This has caused many to wonder if the market will come to a screeching halt in 2023. Read: 3 Things You Must Do When Your Savings...
Here are a few of her educated guesses into the 2024 real estate market. Read: Millennials Are Moving To 4 Surprising States for Affordable Housing Find Out: 3 Things You Must Do When Your Savings ...