RealWarrenBuffett@lemm.ee to News@lemmy.worldEnglish · 9 months agoCould homebuyers finally catch a break? Experts predict a housing glut in 2024creditnews.comexternal-linkmessage-square13fedilinkarrow-up123arrow-down15
arrow-up118arrow-down1external-linkCould homebuyers finally catch a break? Experts predict a housing glut in 2024creditnews.comRealWarrenBuffett@lemm.ee to News@lemmy.worldEnglish · 9 months agomessage-square13fedilink
minus-squareWooster@startrek.websitelinkfedilinkEnglisharrow-up15·edit-29 months ago Morgan Stanley sees two potential outcomes for housing prices next year. One, if mortgage rates slide from their peak this year, the housing market could see demand ramp up, pushing prices up another 5% in 2024. On the other hand, if mortgage rates remain high and the U.S. enters a recession, that will scare off homebuyers and home prices will recede more. So effectively, either way, they will remain out of reach.
So effectively, either way, they will remain out of reach.
Same as it ever was.