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  • Housing Market Expected to Remain Challenging Until 2026

    Housing Market Expected to Remain Challenging Until 2026
    Jun 29 2024
    In the latest analysis from Bank of America, the housing market in the United States is projected to face significant challenges through 2026. According to Michael Gapen, the Chief U.S. Economist at Bank of America, the current state of the housing market is expected to persist for several years, with no quick fixes on the horizon.“This is a long-term issue that will take many years to resolve,” Gapen told CNN on June 28, 2024. “There is no magical solution to this problem.” The forecast comes amidst rising home prices and high mortgage rates that are likely to continue affecting potential homebuyers.
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    5 min