Navigating the Possibility of a Housing Market Recession

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Despite initial signs of falling prices and reduced activity, the housing market has proven resilient this year, and the predicted recession has not materialized.

2024 Outlook: Navigating the Possibility of a Housing Market Recession

The Current State of The Housing Market Early this year, signs of a housing market recession, noted by Goldman Sachs, contrasted with the success of real estate crowdfunding.

Rising Interest Rates Freddie Mac reported the 30-year fixed mortgage rate averaged 6.82% between June and July 2023, impacting both buyers and sellers.

Low Housing Inventory Historically low housing inventory in 2023, with a projected shortage of nearly 4 million houses, keeps home prices high due to supply and demand imbalances.

The Affordable Housing Crisis  The current housing prices, mortgage rates, and limited supply of homes make it very difficult for the average American to buy homes.

A Housing Market Recession Is Unlikely Don't anticipate a housing market recession or substantial price drop soon, but a second downturn in property prices is a possibility.

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