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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 ...
But housing experts expect there to be more homes on the market next year as buyers and sellers come to terms with today’s higher-rate world. The housing market has been effectively stuck since ...
There’s good news in the housing market to close out 2024: There’s a lot more supply on the housing market. The bad news: A lot of that supply is stale, sitting unsold for much longer than usual.
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.
More than half (54.5%) of homes on the market last month had been listed for more than 60 days, with many deemed too expensive by would-be buyers. According to Redfin data, that is up 49.9% from a ...
In Miami, 63.8% of listings in November sat on the market for 60 days or longer, marking the highest share among top metros, followed by Austin, Texas and Fort Lauderdale, Florida.
Bair sees a similar “bubbly” housing market in 2023, driven by low mortgage rates early in the decade that contributed to heavy demand for homes and record high prices.
The housing market has been through a lot of changes over the past four years. Prices fell in the very early days of the pandemic, but as mortgage rates fell to all-time lows, buying picked up and...
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