Fortune (April 24)
2022/ 04/ 24 by jd in Global News
The U.S. may be experiencing “the hottest housing market ever recorded. Over the past 12 months, U.S. home prices are up a staggering 19.2%.” Analysts expected the market “would lose some steam” in 2022, but that “hasn’t come to fruition—yet.” Instead, things have actually “gotten a bit hotter, with housing inventory on Zillow down 52% from pre-pandemic levels.” All of this leaves “a growing chorus of economists speculating that if home price growth doesn’t abate soon, the housing market could eventually overheat. Or worse: We could wind up in another full-fledged housing bubble.”
Tags: Analysts, Bubble, Economists, Home prices, Hotter, Housing market, Inventory, Overheat, Staggering, U.S.
