Home Prices Predicted to Ease in 2024 After Unaffordable 2023 Housing Crisis
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The US housing market faced a crisis in 2023 with soaring home prices and interest rates, making homes unaffordable.
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Experts predict a possible rebound in 2024 if inventory rises, rates fall steadily, and buyer demand doesn't spike too quickly.
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Major homebuilders like PulteGroup, KB Home, and Lennar are opening new communities to boost inventory.
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Using housing market data, the 20 most overpriced markets were ranked, with top states being Florida, Nevada, Tennessee.
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The 5 most overpriced housing markets in America are Las Vegas, Knoxville, Lakeland (FL), Orlando (FL), and Charlotte (NC).