The U.S. Housing Market: Is a Buyer's Season Dawning with Record Inventory?
The U.S. real estate market , a cornerstone of the nation's economy, finds itself at a pivotal moment. For years, a narrative of limited supply and surging prices dominated, leaving many prospective homebuyers on the sidelines. However, recent data points to a significant shift, with the market increasingly tilting in favor of buyers. The latest news, specifically Redfin's report of a record-high 500,000 more sellers than buyers in the U.S. housing market, signals a potential turning point that warrants a closer look. According to Next Move Strategy Consulting, The U.S. Real Estate Market size was valued at USD 3156.7 million in 2023 , and is predicted to reach USD 3778.0 million by 2030 , at a CAGR of 2.6% from 2024 to 2030 . Download Free Sample High Mortgage Rates and Softening Demand One of the most powerful forces at play is the continued elevation of mortgage rates. While the average rate on a 30-year mortgage has seen minor fluctuations, recently dipping slightly to...