Bank of America predicts major housing market changes are coming soon
Housing market conditions are improving, but buyers remain hesitant to commit.
Homebuyers have faced an unpredictable housing market over the past few years. Rising home prices and stubborn mortgage rates have prompted many Americans to delay their plans for homeownership as they wait for housing conditions to improve.
Broad economic uncertainty and the ongoing housing market gridlock have dampened buyer confidence, leaving the outlook for 2025 up in the air. Although housing inventory is finally increasing, weak demand could suppress housing sales.
