Is the Housing Boom behind us?
The housing market went through explosive growth after a short slowdown at the beginning of the pandemic. The number of houses sold nationally, which was around 5.5 million per year, exploded to 6.6 million by early 2021, more than a million units above its pre-pandemic level. Prices rose rapidly from $316,000 to $381,000, a 21% increase.
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Listen to Economic Pulse Fridays at 5:44 PM during All Things Considered; Mondays at 7:30 AM during Morning Edition.
(Original air-date: 1/19/24)
