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RealWarrenBuffett@lemm.eeBanned from community to News@lemmy.worldEnglish · 2 years ago

Could homebuyers finally catch a break? Experts predict a housing glut in 2024

creditnews.com

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Could homebuyers finally catch a break? Experts predict a housing glut in 2024

creditnews.com

RealWarrenBuffett@lemm.eeBanned from community to News@lemmy.worldEnglish · 2 years ago
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  • OpticalMoose
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    2 years ago

    Were are the houses supposed to come from? I don’t see many being built around me. Sellers aren’t just going to put their house up for sale unless they have someplace to move to.

    • OldWoodFrame@lemm.ee
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      2 years ago

      1.6 million houses are being built annually right now in the US. Some of that is in big developments somewhere else but if people are buying those homes they are not buying the homes near you so there is one more house on the market near you.

      Also, almost 3.5 million people die every year and that doesn’t account for people moving into old folks homes etc.

      • ericjmorey@lemmy.world
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        2 years ago

        4,138,349 were born 18 years ago

    • FuglyDuck@lemmy.world
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      2 years ago

      Black rock could be selling, if ownership isn’t as profitable as they expected.

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