As we enter the new year, anticipation surrounds the housing market’s trajectory. Will it revert to its pre-pandemic state? Is an era of more affordable homes on the horizon? Are we bracing for a ‘silver tsunami,’ as baby boomers downsize and flood the market with homes? In short, the answer is no.
New Year, Old Housing Market Read More »
The current housing landscape starkly contrasts with the Great Recession of 2008, with a notable factor being the acute shortage of available homes. Unlike the excess inventory seen in the 2007-2008 period, existing homes for sale in November 2023 numbered less than 1.2 million, a significant departure from the three million-plus during the Great Recession.
Crunching Numbers: The Persistent Low Housing Supply Read More »
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