Why buying a home isn't likely to get much cheaper even under Biden's housing plan

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buying a home

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Biden wants to make it easier for people to buy their first home. But there aren't enough houses.

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sold sign house row

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The mortgage 'lock-in' effect is here to stay and home prices won't fall for years to come, research firm says

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a row of homes in San Francisco
The lock-in effect isn't going away as inventory remains tight and demand returns.

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Baby boomers are driving the trend of Americans staying in their homes for twice as long as they did 2 decades ago

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Couple in front of a house.
Boomers are unlikely to downsize given the current affordability conditions, Redfin said.

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American's housing shortage won't be solved for years to come

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New house under construction, front view from garage door entry with clouds blue sky
2024 will be a strong year for new construction, but not enough still to to fix the inventory shortage.

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The housing market is heating back up. But only a small percentage of new homes are fully-built.

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Construction of new homes and town homes in Markham Ontario in June 2022.
Construction of new homes and town homes in Markham Ontario in June 2022.

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There are 3 bullish signals flashing that point to a recovery in the housing market, Compass CEO says

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The housing market will take off in a 2024 renaissance as construction, demand are set to surge, National Association of Home Builders CEO says

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Housing market recovery

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The housing market is breaking out of mortgage rate lock as a wave of sellers look poised to list their homes in the coming years, Zillow says

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The housing market is starting to break free from
The housing market is starting to break free from "rate lock," Zillow economists said.

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The housing market is in for a new 'golden age' of home construction, real estate veteran says

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golden age housing
Home builders could see a new "golden age" next year, according to one real estate veteran.

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