New Homebuyers in the US Prefer Move-In Ready Homes, Declining Interest in Fixer-Uppers on Nostr: Bank of America Warns US Housing Market Will Remain 'Stuck' Until 2026 ...
Bank of America Warns US Housing Market Will Remain 'Stuck' Until 2026
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#e535966b ver:0.7
Bank of America warns US housing market will remain 'stuck' until 2026 as existing home sales decline and prices surge. High mortgage rates and a chronic housing shortage contribute to the challenges. Experts predict home prices won't fall due to high demand and low supply. The 'lock-in effect' keeps homeowners in their properties. Positive for existing homeowners, but potential buyers miss out on wealth creation. A soft landing could lead to even higher prices, while a recession would improve affordability. #housingmarket #mortgagerates #homeprices...
#newstr #UsHousingMarket #HomeSales #MortgageRates #HomePrices #Affordability #EconomicOutlook
https://here.news/story/e535966b?ver=0.7
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#e535966b ver:0.7
Bank of America warns US housing market will remain 'stuck' until 2026 as existing home sales decline and prices surge. High mortgage rates and a chronic housing shortage contribute to the challenges. Experts predict home prices won't fall due to high demand and low supply. The 'lock-in effect' keeps homeowners in their properties. Positive for existing homeowners, but potential buyers miss out on wealth creation. A soft landing could lead to even higher prices, while a recession would improve affordability. #housingmarket #mortgagerates #homeprices...
#newstr #UsHousingMarket #HomeSales #MortgageRates #HomePrices #Affordability #EconomicOutlook
https://here.news/story/e535966b?ver=0.7