The American housing market is facing considerable challenges. Sales figures are down, and the number of homes available for purchase is increasing. This is largely driven by factors such as higher interest rates, which make mortgages more expensive. Many homeowners are delaying purchases due to economic uncertainty. Further analysis is underway to understand the long-term impact on the industry. The overall trend is a shift in consumer behavior, with increased focus on affordability and long-term value.
Credits: Finance & economics