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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 ...
š” Key housing market stats The median home-sale price as of September 2024 was $404,500 — the highest September median NAR has ever recorded and only about $20K short of the all-time high
“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.
Immediately after Donald Trump won the 2024 presidential election, people began predicting how his next term would affect the markets, including the U.S. real estate landscape. Find Out: How To...
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.
These regulations had the net effect of reducing housing construction and reducing the ability of regional housing stock to adjust to changing market conditions. Beginning in the last quarter of the 20th century, market-wide housing shortages have existed in a growing number of markets throughout the country, starting in prosperous coastal ...
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 ... There Won’t Be a Housing Market Crash.
Morgan Stanley’s housing market predictions are a bit more optimistic. It expects weak home sales until mid-2024, which will gradually increase into 2025, when affordability will improve.