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Cape Coral, Fla., is off 7 percent from its recent peak, while North Port, Fla., has dropped 6 percent. Those numbers don’t represent a crash, but they do show a housing market coming back to earth.
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...
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.
“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.
While the housing market improved for buyers over the course of 2024, it’s still tight enough that 2025 is likely to remain a seller’s market in most areas. The good news is that inventories ...
The Austin real estate market saw massive gains in 2020 through 2022. And as of Nov. 30, 2024, home prices were still inching up, despite a 3.8% one-year decline in value, per the Zillow Home ...
For buyers, the housing market continues to pose challenges in terms of finding available homes for sale. In October 2023, the number of homes actively for sale fell by 2% from the previous year ...
Ground-breaking on single-family housing projects plummeted 28.7% in the Northeast, but increased 4.6% in the Midwest and the West. Single-family homebuilding slipped 0.5% from a year ago.