Housing market won't come 'unstuck' until 2026, economists predict — here's why

The US housing market will not come “unstuck” until at least 2026 — and home affordability won’t improve without a recession, a team of Wall Street economists predicted.

The housing market will not come “unstuck” until at least 2026 and home affordability will not improve without a recession“We view the forces that have reduced affordability, created a lock-in effect for homeowners, and limited housing activity will remain in place through our forecast horizon,” they added.

Increased rates and a “lock-in effect” — or lack of home transactions — will likely continue to fuel a decline in home sales, blocking young buyers from the market, Bank of America said.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Housing market to remain 'stuck' until at least 2026, Bank of America saysThe bank sees a variety of factors lining up against both a major improvement in sales and a drop in prices.
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