Reported about 5 hours ago
Reventure Consulting CEO Nick Gerli warns that the U.S. housing market is facing significant challenges, with home values currently 4.6 times higher than incomes, worse than the 2006 bubble. Even as mortgage rates decline, buyer demand remains low, with mortgage applications dropping substantially. Factors such as affordability issues, buyer fatigue post-pandemic, and widespread pessimism contribute to this downturn, suggesting a lengthy road ahead to market normalization.
Source: YAHOO