The housing market is heading into 2025 with a worrying supply trend

The housing market saw an increase in supply at the end of 2024, with active listings up 12.1% from the previous year, reaching the highest level since 2020.

However, more than half of these listings (54.5%) had been on the market for over 60 days, the highest share since 2019.

Homes that were priced well and in good condition sold quickly, while overpriced homes sat unsold for months.

Despite high mortgage rates above 7% and rising home prices, pending home sales rose in November.

Buyers have adjusted to higher rates but face challenges with prices and moving costs, leading many to delay purchases, CNBC has reported.

read more: https://www.cnbc.com/2024/12/31/housing-market-supply-stale.html

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley

Follow Me On Truth Social
https://truthsocial.com/@BC_Begley

Follow Me On BlueSky
https://bsky.app/profile/bcbegley.bsky.social

#Economy #Housing