With the housing supply constrained by rate-locked sellers, and buyers shut out of the market by higher mortgage rates and home prices, the residential property market largely stalled in 2023 with only new homes offering limited options for those that could meet the affordability challenge. However, conditions could be about to change. What could we see in 2024?
Is the Housing Market Finally Poised To See Relief?
With Rates Expected To Ease, Both Supply and Demand Could See Improvement
CoStar Analytics
January 3, 2024 | 4:16 P.M.
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