RealWarrenBuffett@lemm.ee to News@lemmy.worldEnglish · 10 months agoCould homebuyers finally catch a break? Experts predict a housing glut in 2024creditnews.comexternal-linkmessage-square11fedilinkarrow-up119arrow-down14
arrow-up115arrow-down1external-linkCould homebuyers finally catch a break? Experts predict a housing glut in 2024creditnews.comRealWarrenBuffett@lemm.ee to News@lemmy.worldEnglish · 10 months agomessage-square11fedilink
minus-squareOldWoodFrame@lemm.eelinkfedilinkarrow-up3arrow-down1·10 months ago1.6 million houses are being built annually right now in the US. Some of that is in big developments somewhere else but if people are buying those homes they are not buying the homes near you so there is one more house on the market near you. Also, almost 3.5 million people die every year and that doesn’t account for people moving into old folks homes etc.
1.6 million houses are being built annually right now in the US. Some of that is in big developments somewhere else but if people are buying those homes they are not buying the homes near you so there is one more house on the market near you.
Also, almost 3.5 million people die every year and that doesn’t account for people moving into old folks homes etc.