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.

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Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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.
Bron: CNBC - 🏆 12. / 72 Lees verder »