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A report from Yahoo Finance published in July asked one big question of financial experts: is the housing market going to crash?
The report found that while mortgage rates are high, home prices keep increasing because of a lack of housing supply. Expert economists are predicting that any crash that does happen won’t quite be on the scale of the Great Recession because there are just too many buyers in this seller’s market. (TAKE A POLL: Is Income Inequality a Concern For You?)
But another report from U.S. News stated that while home prices should go up overall, there will be localized market differences. But the same could not be said for the commercial market.
What About Commercial?
A report from Harvard Business Review claimed the U.S. commercial real estate market is heading toward a fairly significant crash. More than $1 trillion in commercial real estate loans will come due within the next two years. “Institutions with the most concentrated exposures, insufficient capital cushions, and limited lifelines from larger institutions or regulators face significant losses,” the report reads. (TAKE A POLL: Do You Support the Idea of a Four-Day Workweek to Enhance Work-Life Balance?)
Other Factors
US News argued the six main factors influencing the economy and market in 2024 are (1) employment, (2) inflation and consumer confidence, (3) geopolitical risks, (4) short-term market volatility, (5) the Fed’s response to the above, and (6) investor jitters.
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