From Investing.com: 2024-05-12 07:01:02

BofA Securities reports on the US housing market, noting stable supply and demand balancing. High interest rates and tight credit hinder buyers, with 76% believing it’s a bad time to buy. However, 61% see it as a good time to sell due to high prices. Inventories are rising, but builders still cautious.

Despite challenges, BofA sees improving supply and demand in the housing market. Affordability may rise with steady mortgage rates. A future Fed rate cut in December could bring relief to buyers and sellers. Overall, the market shows signs of resilience and gradual improvement.



Read more at Investing.com: Is now a good time to buy a house if you live in the United States? BofA answers By Investing.com