2023 Has Been The Least Affordable Year For Homebuying On Record
The least affordable markets were Anaheim and San Francisco
The least affordable markets were Anaheim and San Francisco
The MBA anticipates borrowing and lending will rebound in 2024 to $856 billion in total commercial/multifamily real estate lending
The financial institution expects home sales will fall to 4.7 million at the end of this year
Housing activity is expected to further soften through 2023 due to higher mortgage rates and home price gains
The company now projects a 14.1 percent decrease in existing-home sales for 2022 compared to last year
Economists now predict home sales will fall 13.5 percent this year
© 2023 California Listings, Inc.