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2024: Top-Heavy, AI-Fueled, Supply-Constrained
Motley Fool Money
Housing Market Trends and Supply Issue
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Despite the significant increase in mortgage rates over the past few years, the housing market has not experienced the expected decline in home prices due to a persistent supply issue. The housing market has faced a supply problem for over a decade, which has become more acute now. The high borrowing costs have not dampened the demand for homes, especially among first-time buyers, who are eager to purchase if suitable options are available.
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