Housing Market Overview - The housing market is facing challenges, with 2025 projected to be one of the worst years for home sales in the past 30 years [1] - June data indicates weaker than expected performance, with 393 million (3.93% million) sales on an annualized basis [1] - Current sales are down from over 5 million pre-pandemic [1] - Housing affordability remains a significant concern for many Americans [1] Factors Influencing Affordability - Lower mortgage rates could improve affordability, but increased inventory would be even more beneficial [2] - Real wage growth outpacing inflation is a key factor in improving affordability [2] - Local city council regulations are seen as a major obstacle to building more homes [3] Potential Solutions - Reducing regulations to allow home builders to construct more homes could lead to lower prices [3] - Increased housing supply is expected to make homes more affordable and revive the "American dream" [3][4]
2025 Is On Pace To Be Worst Housing Market In Decades
From The Desk Of Anthony Pomplianoยท2025-08-04 10:45