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Data from the U.S. Census Bureau shows that 2024 new home sales hit their highest level since 2020. Here’s what the data might mean for the sluggish housing market.
While it may show bubble-like characteristics, Yun does not expect the residential real estate market to burst. He does predict that sales will be at a low point next year, with only 5.3 million ...
GOBankingRates spoke with Alexei Morgado, a real estate agent and the founder of Lexawise, to get a peek into an expert forecast for the housing market in 2025. Mortgage Rates Could Drop a Bit ...
Zillow's forecast of U.S. home prices was revised upward this month with the typical home value predicted to rise 6.5% from July 2023 through July 2024. Tight inventory conditions continue to place...
A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. This phenomenon can be a result of the economy, a change in mortgage rates, consumer speculations, or other fundamental and non-fundamental reasons.
5 Reasons 2024 Housing Market Will Be More Favorable for Buyers Skylar Olsen, Zillow’s chief economist, explained, “I expect the beginning of a long healing process to kick off in the housing ...
10. Los Angeles, California. November median home list price: $1,150,000. Forecasted 2024 home sales price change: 3.5%. Forecasted 2024 home sales change: 9.2%
It's no secret that the housing market has been a very difficult one in 2023. The combination of low inventory, exploding mortgage rates and rising prices all made for a difficult road to...