Insufficient housing supply in America is a key driver behind the continual rise in home prices and the persistent low inventory. According to Freddie Mac’s data, there was a supply deficit of 3.8 million units in Q4 2020. Other estimates also indicate deficits in the millions. With a growing population and the formation of more households, demand is on the rise.
Can New Construction Ease Supply? Read More »
The housing market remains constrained by affordability challenges and a limited supply. As we move into 2024, the question arises: will there be a significant shift, or are we likely to experience more of the same?
House Price Predictions for 2024 Read More »
The current housing landscape starkly contrasts with the Great Recession of 2008, with a notable factor being the acute shortage of available homes. Unlike the excess inventory seen in the 2007-2008 period, existing homes for sale in November 2023 numbered less than 1.2 million, a significant departure from the three million-plus during the Great Recession.
Crunching Numbers: The Persistent Low Housing Supply Read More »
Per the Q4 2024 Veros Real Estate Solutions (Veros®) VeroFORECAST, the 2023 housing market challenges are expected to persist into 2024, characterized by low supply and unaffordability. Veros predicts a 2.4% increase in nationwide home prices over the next 12 months.
VeroFORECAST Quarterly U.S. Housing Market Outlook Q4 2023-Q4 2024 Read More »
Veros Real Estate Solutions’ (Veros®) Q3 2023 VeroFORECAST projects a 2.2% average increase in home prices over the next 12 months, indicating a steady market. The housing market faces challenges such as a shortage of available homes and high mortgage rates.
VeroFORECAST Quarterly U.S. Housing Market Outlook Q3 2023-Q3 2024 Read More »
Veros Real Estate Solutions’ (Veros®) Q2 2023 VeroFORECAST reveals a strengthening housing market with an anticipated 1.7% average increase in home prices over the next 12 months. The market grapples with low supply as homeowners hold onto low mortgage rates.
VeroFORECAST Quarterly U.S. Housing Market Outlook Q2 2023-Q2 2024 Read More »
Veros Real Estate Solutions’ (Veros®) Q1 2023 VeroFORECAST anticipates a flat overall housing market for the next 12 months, showing a slight improvement from the previous quarter’s 0.5% annual depreciation forecast.
VeroFORECAST Quarterly U.S. Housing Market Outlook Q1 2023-Q1 2024 Read More »
In the latter half of 2022, the housing market was characterized by low inventory and reduced affordability, primarily due to high prices and mortgage rates. Despite concerns of a crash, the market remained stable due to limited supply.
The Spring Housing Market 2023 Read More »
Get insightful stories, indicators, predictions, and more, in your inbox.
To submit content and be a guest author, please complete the form.
