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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 ...
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
These include shortage and affordability crises as well as financial crises related to the real estate sector. [1] Following the first definition, the term "housing crisis" or "affordability crisis" is currently used in the United States and other countries to refer to widespread shortages of housing in certain regions where people want to live.
One bill legalizes microapartments as small as 150 sq. ft. and prohibits cities from limiting their numbers near universities or public transit; [136]: 1 another (SB 2) adds a $75 real-estate document recording fee (for everything other than property sales), which is projected to generate $250 million per year for affordable housing construction.
Los Angeles-based real estate agent Walter Franco Jr. said even slightly lower rates next year probably won’t be enough to unleash a flurry of activity in his pricey market. Buyers seeking homes ...
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[23] [24] In particular, the suppression of moderate-density housing such as duplexes and townhouses has resulted in a so-called missing middle problem that drives up housing scarcity and inhibits the development of walkable neighborhoods.
The U.S. real estate market has another year in the books after 2024 came to a close this week. While the median that homes sold for clocked in at $383,725 for the four weeks ending Dec. 22, ...