Housing Market Slows as Supply Surges and Sales Decline
TL;DR
Condo and single-family home sales have plummeted to historic lows, with condo sales hitting the lowest since 2012 and inventory reaching levels not seen since the housing bust, driven by a sharp decline in demand due to skyrocketing prices that have become unsustainable, leading to significant price drops in many major cities.
Topics:businessreal-estate#condo-sales#demand-destruction#housing-market#inventory-surge#price-decline#real-estate
- Condo Sales Drop to Lowest in the Data, Supply Highest since Housing Bust. Single-Family Home Sales Below 1995, Supply Highest since 2016 Wolf Street
- Home sales just posted their slowest May in 16 years NPR
- Housing market map: Zillow just released its updated home price forecast for 400-plus housing markets Fast Company
- May home sales barely move as high mortgage rates, prices, weigh on housing market ABC News - Breaking News, Latest News and Videos
- New Real-Estate Math: Half a Million More Sellers Than Buyers WSJ
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