Guest Post by Martin Armstrong
Fannie Mae admitted their forecast of declining home prices was incorrect. They initially projected that housing would fall by 1.2% in 2023, followed by 2.2% in 2024. Housing prices remain strong because this in an inventory crisis. There are 47% less available single-family houses on the market compared to the start of the COVID crisis. Homebuilders cannot keep up with demand, and the demand for investment-bought rentals is outpacing single-family sales.
Continue reading “US Housing Prices Push Higher”
