As American renters continue to reel from rising housing costs, Wall Street investors are betting that housing will get even pricier relative to the costs of other goods and services.
Market Trends
Amidst demographic shifts and lingering pandemic-impacts on the population and broader economy, the U.S. faces a pressing need to build 4.3 million new apartments by 2035, according to a new study commissioned by the National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC).
Rents are hitting new highs, but renting is still mostly more affordable than owning a home in most big cities, according to a new report.
Growth in the housing market has slowed, but prices have not fallen. This is due in large part to a limited supply of single-family homes.
With rates lately rising, the real estate market is slowing, most notably for residential properties.
In 2021, home prices skyrocketed by nearly 19%, according to the S&P CoreLogic Case-Shiller home price index. And pros say we’re in for another year of price growth — but as for how much, pros diverge.