"Nationally, home prices will finish 2024 with an increase of about 5% over the previous year, despite historically low home sales and 27% more unsold homes on the market."
"For years, Americans have been moving to the Sunbelt, but in the last two years, especially in 2024, they've stopped moving, leading to a rise in inventory."
"Some markets in the south, like Austin, Tampa, and Phoenix, have more homes for sale now than they've seen in years, contrasting sharply with the Northeast."
"There were 707,000 single-family homes on the market headed into Thanksgiving 2024, which is roughly 27% more unsold homes than last year at this time."
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