Will There Be A Housing Market Crash In The Second Half Of 2024?

Are you expecting a housing market crash this year? In this video, we're going to talk about the current state of the housing market and explore whether a crash is on the horizon. Let's deep dive into the video to learn more about whether will there be a housing market crash in the second half of 2024. 👉 Subscribe to my channel to stay tuned: https://www.youtube.com/@economyobses... In recent times, Mortgage rates are high and home prices are even higher, leaving many hopeful home buyers feeling down. According to a recent Fanny Mae survey, only 20% of people believe now is a good time to buy a home. With home prices having increased by 6.49% from last year, experts forecast further rises throughout the year. In this comprehensive video, we delve into the current state of the housing market and examine the likelihood of a crash shortly. Lawrence Yun, Chief Economist at the National Association of Realtors, shares his insights on why home prices might keep climbing and what this means for potential buyers. Additionally, we explore survey data from Lending Tree that shows 44% of Americans think a housing market crash could happen this year, with over a third actually hoping for it as a chance to afford a home. The housing shortage is a major factor in keeping prices high. Even if demand drops, the insufficient supply of homes keeps prices from falling significantly. While many fear a crash, it's not expected soon due to strong demand and low supply. However, factors like an economic downturn or significant changes in supply and demand could trigger one. We hope you enjoyed this video. Make sure you click the "Like" button and share this video with your friends and others who might also be interested in learning about whether will there be a housing market crash in the second half of 2024.