Housing Market To Suffer 'Aggregate Price Decline' This Year | Melody Wright

The US real estate market remains frozen. Transactions are at multi-decade lows, mortgage rates remain painfully high and home prices are at near record-levels of unaffordability. As we enter 2024, should we expect things to get better for housing, or worse?For answers, we turn to mortgage lending expert & housing analyst Melody Wright, who has been busy visiting many of America's most popular housing markets to develop a true boots-on-the-ground understanding of where the trends are headed. Melody expects the spring selling season to finally start unlocking "true price discovery" for the US housing market, and predicts a national aggregate price decline as the year progresses. Follow Melody on X/Twitter at @m3_melody Or on YouTube at https://www.youtube.com/@m3_melody SUBSCRIBE to Adam's new Substack to get Adam's Notes for all the recent experts who have appeared on this channel, including this interview with Melody. Go to https://adamtaggart.substack.com/ #housingmarket #homeprices #realestate --- Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support