Part 6/7:
Looking forward to 2025, the outlook for the housing market seems grim. Economists project an ongoing crisis in housing affordability, exacerbated by stagnant household incomes against rising property costs. The juxtaposition of an increasing supply of homes against a declining buyer pool paints a stark picture of the potential market collapse.
The underlying concern focuses on the lack of affordability, as rising property taxes and other related costs threaten to cripple potential homeowners. A divestment in the housing sector seems inevitable unless economic conditions improve significantly.