Housing Oversupply: What the Industry is Actually Facing Long Term
Real Estate Insiders Unfiltered
00:00
Factors contributing to the reacceleration of the housing market in 2023
The reacceleration of the housing market in 2023 can be attributed to builders creating value through discounting and price cuts in the new home market, leading to a 20% decrease in some markets. Additionally, pent-up demand due to COVID-19 and a wealth transfer to younger generations are also significant factors contributing to the resurgence of the housing market.
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