4/7/2024, 6:44:03 pm

Housing Market Stuck Until 2026? Economists Reveal Surprising Reasons

📌Bank of America economists predict the US housing market won't significantly improve until at least 2026. 📌Home affordability is unlikely to increase without a recession. 📌Mortgage rates, currently around 8%, have created a "lock-in effect" where homeowners are reluctant to sell. 📌Home prices are expected to rise 4.5% this year and 5% in 2025, with a modest decline of 0.5% in 2026.