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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 ...
The housing inventory in the U.S. is still 34% below pre-pandemic levels, according to Zillow. “We’re short nationwide of about 4.3 million homes,” he said. “We’re still in a housing ...
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 ...
Economists at Bank of America warned this week that the US housing market is “stuck and we are not convinced it will become unstuck” until 2026 — or later. ... Covid-19 and then the Fed’s ...
The coming months will likely prove important in determining whether the current trend of price cuts will accelerate to meet the level some experts believe is necessary or if the market will find ...
The housing market is shaping up for some interesting changes. Although no one has a crystal ball, experts are sharing predictions about what could happen. Read Next: 25 Places To Buy a Home If You...
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 ...
High mortgage rates, inflation and low supply have made the road to homeownership a difficult one as of late. While home prices seem to be cooling down, some experts are warning that a potential...