Reported about 1 year ago
Economists predict a modest correction rather than a crash in the housing market due to high demand and low inventory. Home prices continue to rise despite high mortgage rates, with experts attributing the trend to lack of supply, stringent lending standards, and strong demand from various buyer demographics. Analysts highlight that factors like low inventory, slow pace of construction, strict lending standards, demographic trends, and muted foreclosure activity all point towards no imminent crash in the housing market.
Source: YAHOO