Current Market Dynamics
Navigating the 2024 housing market demands understanding its complex dynamics. Low interest rates and the millennial buying surge fuel demand, while pandemic-driven remote work preferences shift buyers to suburban and rural areas. However, construction slowdowns due to labor and material shortages, coupled with restrictive zoning laws, exacerbate supply issues. Speculative buying and institutional investors further strain availability, making homeownership challenging. Recognizing these intertwined factors is key to navigating today’s real estate landscape.
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