The housing market is now on a more stable footing in 2024 and 2025, moving away from the unsustainable highs of 2021 and early 2022. Recent data contradicts claims of a crashing demand, as monthly home sales continue to reflect stability, consistently exceeding 4 million units. An increase in inventory and a cooling off of price growth has created a favorable environment. Despite higher mortgage rates, thereâs surprising year-over-year growth in pending sales, indicating a potential market turnaround.
In 2024 and 2025, the housing market is on a healthier path, with price growth cooling down and inventory increasing, establishing a positive future.
Though some suggest a demand crash, current data disproves this, showing consistent existing home sales exceeding 4 million monthly, signaling market stability.
Despite elevated mortgage rates, the year-over-year growth in pending home sales data is notable, especially as it contradicts earlier expectations regarding market performance.
Higher mortgage rates were necessary to correct unsustainable growth seen between late 2020 and early 2022, fostering a healthier environment for home sales.
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