The US real estate market remains frozen.
Transactions are at multi-decade lows, mortgage rates remain painfully high and home prices are at near record-levels of unaffordability.
As we enter 2024, should we expect things to get better for housing, or worse?For answers, we turn to mortgage lending expert & housing analyst Melody Wright, who has been busy visiting many of America's most popular housing markets to develop a true boots-on-the-ground understanding of where the trends are headed.
Melody expects the spring selling season to finally start unlocking "true price discovery" for the US housing market, and predicts a national aggregate price decline as the year progresses.
Follow Melody on X/Twitter at @m3_melody
Or on YouTube at https://www.youtube.com/@m3_melody
SUBSCRIBE to Adam's new Substack to get Adam's Notes for all the recent experts who have appeared on this channel, including this interview with Melody. Go to https://adamtaggart.substack.com/
#housingmarket #homeprices #realestate
