Housing Crisis Stats Us 2024

Housing Crisis Stats Us 2024. The total number of homes for sale, including homes that were under contract but not yet sold, increased by 22.6% compared with last year, growing on an annual basis for the eighth month in a. Home prices 40% higher have combined with mortgage financing costs up 125% to double new.


Housing Crisis Stats Us 2024

We expect mortgage rates to decline further in 2025 to below 6.5%, further stimulating the housing market by making homeownership more affordable. Compare that to 3.55 million housing units that were available for rent or for sale, and there is a housing shortage of more than 4.5 million.

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