Redfin says housing market bubble could deflate this year
The real estate firm predicts major changes on the horizon for mortgage rates and housing prices.
Over the past few years, homebuyers have faced a volatile and unpredictable housing market. With home prices remaining high and mortgage rates stubbornly elevated, many Americans have put their homeownership plans on hold, awaiting better market conditions.
Market stagnation and broader economic uncertainty have further dampened buyer confidence, leading experts to anticipate a sluggish spring season. While housing inventory is finally increasing, weak demand has kept sales subdued.
