Month: June 2024

Back in 2020 I wrote a quick rundown of the U.S. real estate market in charts to show how the pandemic was impacting the housing market. It’s been a few years so it’s time to update those charts. The existing home months’ supply measures the number of months it would take to sell all of the houses on the market at the current pace of sales: It’s well off the lows of late-2021/early-2022 and trending higher. This is good news for a healthier housing market. We saw a nice little…

Are you curious about what the next 5 years hold for the U.S. housing market? The housing market is a complex and ever-changing landscape, making it difficult to predict with certainty what the next five years will hold. However, based on current trends and expert opinions, there are a few key things that we can expect to see in the years to come. The housing market is expected to remain strong in the next five years. However, some key factors could impact the market, such as rising interest rates and a…

Zephyr18 / Getty Images/iStockphoto “Location, location, location” is a phrase often repeated in the real estate business, meaning that where you end up buying property is where you end up making money. Lots of places in the United States are known for having high-end real estate that’s worth more and more as time goes on, yet not every market across the country is equal. Some can provide a suitable return on investment and others can make you a millionaire. Find Out: 7 Worst States To Buy Property in the Next…

The US housing market is twisting the most basic principle of economics: supply and demand.C.J. Burton/Getty Images The US housing market is distorting a core principal of economics: supply and demand. Home prices soared to record highs in May, even as existing home sales fell and supply of homes for sale jumped. “This one is a real head-scratcher,” economist David Rosenberg said. The US housing market has officially entered bizzaro world. The law of supply and demand is a basic principle of any free market, and right now, it’s being…

The lock-in effect that has kept U.S. housing market activity subdued probably isn’t going away this year or next year or even the year after that. It could hang over prospective buyers and sellers of existing homes for six to eight years before finally going away, Bank of America warned in a note on Monday, locking down the market into the next decade. “The wide gap between current mortgage rates and effective mortgage rates means most homeowners are unwilling to move unless forced,” analysts said. “Moreover we do not expect current…