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Analysts revise their outlook: Home prices won’t decline this year. Inventory has decreased by 39%, impacting availability & prices compared to pre-pandemic. High mortgage rates discourage sellers from listing their homes, leading to reduced inventory. Homebuilders slowly increase construction to meet demand but at a cautious pace. Despite affordability and supply challenges, home sales and…
Limited inventory prevents significant drops in home prices despite fewer buyers. Fewer new listings lead to multiple offers and higher prices. Some indicators suggest a gradual cooling of the housing market. Recent research suggests a nationwide drop in prices may take time.
Owning a home is a keystone of wealth… both financial affluence and emotional security.
