CNN BUSINESS | Housing demand is about to weaken. Here’s why
Who would have thought that
when the pandemic struck last spring that single-family housing would go on
such a stellar run? Not me. But housing has been on a tear. Home sales,
homebuilding and especially house prices have surged.
Despite being overvalued,
there is no sign the housing market is in a bubble. (A bubble develops when
there is speculation, or when buyers purchase homes with the sole intent of
selling quickly for a profit, which isn’t happening today.) But stress lines
are beginning to appear, and the housing market is set to cool off. —read
more—
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