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Record-high housing supply and "silver tsunami" unlikely to resolve crisis

share-iconFriday, January 03 comment-icon2 weeks ago 4 views
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salonSALON
Record-high housing supply and

Credited from: SALON

  • Recent statistics indicate a significant 12% increase in housing inventory, reaching levels not seen since 2020.
  • While many empty nesters are anticipated to downsize, experts caution that this influx won't resolve housing shortages in key markets.
  • Most available homes are not attracting buyers due to high pricing and poor condition, contrasting with well-priced homes that sell quickly.
  • Young adults face challenges entering the housing market, with homeownership among those under 35 dropping to 37%.
  • Experts highlight persistent barriers including high prices, interest rates, and increased mortgage rejection rates.

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Housing crisis Real estate Affordability Mortgage rates Empty nesters
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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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