![]() Let's get into more detail about these trends and make predictions about how they will affect the housing market. While these trends offer v aluable insights into the future of the housing market, there are additional factors that warrant consideration. This is due to a number of factors, including strong job growth, population growth, and a limited supply of land. The housing market will remain competitive. Even with rising interest rates and a growing supply of homes, the housing market is still expected to remain competitive in the next few years.However, in the subsequent years, a reversal in this trend is projected, as interest rates are anticipated to gradually recede, potentially culminating in a resurgence of demand in the housing market. This has made it more expensive to borrow money, which has led to a decline in demand for homes. ![]() The Federal Reserve is raising interest rates to combat inflation. However, as more homes are built and come onto the market, we can expect to see some relief from the supply shortage.
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