Home Sales Rebound BUT 3 HUGE Problems Remain!
Did you know that despite a slight rebound in home sales, the US housing market is still facing a severe inventory crisis? While mortgage rates have dipped and wage growth now outpaces home price appreciation, a mere 3.8-month supply of homes is keeping the market from reaching balance. Interestingly, a record number of previously delisted homes are now relisting, yet inventory growth remains sluggish, potentially driving prices up if demand surges. This complex situation leaves many first-time buyers struggling for affordability. Subscribe now for more insights into the housing market!
Tags/Hashtags: #inventory #supply #demand #affordability #redfin
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