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Inventory back to 2019 levels and what that means for 2025

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Unsold inventory of homes on the market continues to grow. There are 33% more homes on the market now than at this time last year.
The article from HousingWire discusses the current state of housing inventory, noting that it has returned to levels last seen in 2019, which is significant as it indicates a recovery to pre-COVID-19 conditions. This resurgence in inventory is attributed to a slowdown in home purchases due to higher mortgage rates, which have deterred potential buyers and kept existing homeowners from selling. The article suggests that if current trends continue, by 2025, the market could see a more balanced supply and demand, potentially leading to more stable home prices and increased affordability. However, the exact impact on the market will depend on various economic factors, including interest rates and employment levels.

Read the Full HousingWire Article at:
[ https://www.housingwire.com/articles/inventory-back-to-2019-levels-and-what-that-means-for-2025/ ]