On The Market

Investor Sentiment Quickly Turns as Home Sales Bottom, Inventory Rebounds

6 snips
Jan 20, 2025
Guest
Rick Sharga
Rick Sharga, founder of CJ Patrick Company and a veteran in real estate market analysis, shares intriguing insights on the housing market's shift. He reveals that inventory is set to skyrocket, potentially reaching pre-pandemic levels by 2025. This could stabilize or even lower home prices, benefiting buyers. However, he discusses rising investor pessimism and concerns over potential foreclosures due to soaring consumer debt. Is the market on the brink of correction, or is optimism warranted? Sharga provides clarity on this pivotal transition.
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INSIGHT

Housing Market Bottoming Out

  • The housing market may be bottoming out after years of decline.
  • Increased inventory signals potential positive shifts for buyers and the market.
INSIGHT

Inventory Rebound

  • Housing inventory is increasing significantly, potentially reaching pre-pandemic levels by the end of 2025.
  • This increase could lead to a more balanced market between buyers and sellers.
INSIGHT

Price Decrease Potential

  • Home prices might decrease slightly in some markets due to increased inventory.
  • Strong demand from millennials and Gen Z could prevent a substantial price crash.
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