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He added that on the inventory side, the spate of new condos and single-family homes reaching the market also weighs in. “The Seattle housing market is forecasted to keep cooling through 2025 ...
Housing affordability is a major problem in America. Home prices spiked during Covid-19 and then the Fed’s war on inflation sent mortgage rates surging. The one-two punch has made it a ...
Experts have told CNN previously that there really isn’t a magic fix for America’s woefully unaffordable housing market, and that a solution could take time and a lot of effort from all ...
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 ...
After the COVID-19 pandemic, some baby boomers whose children have moved away have found it prohibitively expensive to move into smaller homes, a paradox caused by the higher prices of newer homes, tax benefits given to long-time owners, higher interest rates, and low supply of appropriately-sized housing caused by restrictive zoning that ...
One of the big factors cooling demand is rapidly rising mortgage rates. While the rate on the 30-year fixed mortgage — the most common home purchase loan — inched down to 5.25% last week from ...
According to Wall Street economists, the U.S. housing market will not significantly improve until at least 2026, and home affordability is unlikely to increase without a recession. Bank of America ...
'The market is slowing down' Almost two-thirds, or 61.9%, of homes listed on the market in May had been for sale for at least 30 days without going under contract, according to a new analysis by ...