With mortgage rates and home prices remaining high, the affordability for homebuyers has worsened significantly, which is likely to impact home sales in the upcoming year.
Inventory levels have shown a slight expansion this week despite ongoing declines, indicating a potential shift in the market dynamics as unsold home numbers remain elevated.
As we predicted in the HousingWire 2025 forecast, we expect continued inventory growth next year, although at a slower appreciation rate than what we've seen this year.
The current trend suggests that as mortgage rates rise and affordability decreases, the buildup of housing inventory will accelerate, moving closer to old normal levels.
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