CNN trying to predict the near future. It’s like a drunk Captain Obvious wrote this piece:
CNN headline: What’s next for the US housing market
CNN Aug 2, 2022 Updated Aug 2, 2022
Mortgage rates will stabilize
Inventory will rise from last year
Home prices will rise more slowly
Affordability will remain a challenge
In my neck of the woods, mortgage rates have come down a tiny bit this week. But inventory is booming, home prices are falling rapidly, and affordability is more than a “challenge” as not even Upper Middle Class folks can afford overpriced Keys RE where insurance premiums are the Hindenburg blimp and taking out one retiree after another who are forced back into the work force.