Real Estate Market Dynamics and Affordability Challenges

The US housing market remains in uncharted territory. Median -- not average -- existing home prices hit another all-time high last month, yet transaction volumes are at lows not seen for decades. And potentially changing the game from here is that mortgage rates are likely headed downwards now that the Federal Reserve is cutting interest rates. We're also seeing inventory starting to surge in an increasing number of regions. What does this all mean for home prices as we head into 2025? Will we ever return to a "normal" market again? And what would "normal" look like from here? To find out, we welcome housing analyst Nick Gerli, founder of reventure Consulting and creator of the new reventure app back to the program.

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