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Traditional wisdom states that the real estate market needs 5 to 6 months of housing supply to be balanced, or not leaning toward either a buyer’s market or seller’s market. NAR existing-home ...
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 shortage of available homes has been a longstanding issue for the housing market. Freddie Mac estimated last month that there was a housing shortage of 3.7 million units in the third quarter.
First-time buyers struggle with housing market According to Bankrate’s Financial Security survey in 2023, 74 percent of U.S. adults consider homeownership an important part of the American dream.
Finally, America’s housing market is starting to loosen up. But it’ll be a bumpy road back. Elisabeth Buchwald and Bryan Mena, CNN. August 25, 2024 at 7:30 AM ... Affordability issues persist.
The U.S. housing market has been so hot for so long that it’s easy to forget it can’t stay that way forever. At some point, home prices will have to stabilize or head lower — at least ...
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 ...
The current housing market. Home sale prices: The country’s median existing-home sale price in June 2024 was $426,900, according to the National Association of Realtors (NAR) ...