Record high prices are running up against surging inventory. Price growth is easing and a window for buyers may be opening up in the market.

Millennials — those born between 1981 and 1996 — make up 29% of homebuyers.² Gen Z, the oldest of whom are no more than 28, is also stepping in. While they account for just 3% of buyers now, that share is likely to rise soon. About 65% of Gen Z say they want to buy a home in the next five years.³

Housing construction in the U.S. jumped much more than expected last month, reflecting a recovery in the multifamily market as developers respond to demand for rental housing.

Fed rate cuts are unlikely to lower borrowing costs for American homebuyers, according to one CIO. Mortgage rates and home prices remain elevated.

Illegal immigrants “are undermining the competitive market for high-paying jobs," Lt. Gov. Beckwith said in Bloomington Thursday.

Housing affordability remains stretched even with potential rate cuts, requiring better wage growth or increased supply for meaningful improvement, according to Rafe Jadrosich, Senior U.S. Homebuilders and Building Products analyst.

High mortgage rates, slowing price growth, and a decline in sales have led to fears of a housing market crash in 2025. But shifting demand patterns and potential interest rate cuts on the horizon paint a slightly different picture.

The economy could soon see a big drop in shelter prices that slashes the current inflation rate by more than half, Rosenberg Research said.