The article argues that the current rise in housing inventory, unlike the past collapse during the financial crisis, represents a healthy adjustment in the market rather than a detrimental trend. It highlights that increased supply is essential for long-term housing affordability. Furthermore, as home sales bottom out and prices stabilize, a pattern is identified where high mortgage rates historically lead to recessions, lowering rates and boosting sales in the subsequent recovery phase. Overall, the article emphasizes the importance of balancing housing supply and demand for sustainable market improvement.
As demand continues to exceed available supply, it creates upward pressure on prices, but an increase in housing supply is essential for long-term affordability.
Existing home sales have reached a bottom, indicating that housing market conditions may stabilize as inventory rises and price growth softens.
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