Found 2 blog entries tagged as national association of realtors.

Real Estate Market Predictions for 2024: When Will Home Prices Become Affordable Again?

The real estate market has been a hot topic of conversation for several years now. The pandemic, coupled with fluctuating mortgage rates and a tight housing inventory, has led to significant price increases across the U.S. As 2024 approaches, potential buyers and sellers are asking the million-dollar question: When will home prices become affordable again? Here, we break down the housing market predictions for 2024 and 2025, discuss the factors influencing home prices, and provide expert tips to navigate this competitive market.

The State of the Housing Market: A Cooling Period?

The housing market has yet to fully heat up this year, but changes are on the…

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Properties coming to the market are being priced at record highs. Experts watching the economy state that these prices are not indicators of another market crash on the horizon. The term “housing bubble” is a scary one, but that is not what is happening today.

CoreLogic reports that two times as many urban markets are overvalued. This means that prices are inflated compared to the incomes of people looking to buy in these areas. This is a comparison between the second and first quarter numbers of this year. The values on these homes are not expected to fall anytime soon, which is the opposite of what a bubble is. Bubbles eventually burst. These home prices are high because there is limited inventory in desirable areas. Not because of sketchy selling…

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