The housing market has been in a rut since 2022, when mortgage rates began climbing from historic lows. Whats going on with the housing market this summer? · depending on where you live, the housing market could feel red-hot or strangely quiet right now. In summary, the u. s. · prospective buyers have found themselves facing major affordability headwinds this summer, fueled by elevated home prices and interest rates. Why is the housing market in a rut? The truth is, local markets are starting to move in different directions. · beleaguered blue cities are flashing the brightest warning signs yet of a housing crash, as desperate sellers slash prices on nearly a third of homes in once-booming metros. Housing market is set for a slow, grinding recovery, with buyers facing persistent affordability challenges and rents ticking upward because of the ongoing freeze in. Are blue cities flashing warning signs of a housing crash? The number of homes available for sale sank while prices kept rising. Sellers held the upper hand through most of the past five years as demand for homes far outweighed the options available. · simply put, taken individually, these 10 signs are important to understand and can showcase stressors that hint toward a real estate market downturn looming just around the corner. · with homes lingering on the market and less competition for them, a long-anticipated balance of power between buyers and sellers looks to have finally arrived. What would happen if the housing market crashed?

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