By Josh Katzowitz, WCI Content Director

A few months ago, Redfin, the national real estate company, ran a housing market report with a blaring headline: “Buying a Home Costs More Than Ever.” Maybe that’s true; maybe it isn’t. People, after all, have been buying and selling homes for a very long time, so pound for pound, I doubt that housing now IS MORE EXPENSIVE THAN ANY OTHER TIME IN HISTORY. But then again, mortgage rates are high (at least compared to what they were for the last couple of decades), and there has been less inventory than normal (although that trend seems to have been corrected in the past several months).

Even though Redfin notes that housing payments have fallen in 2024, that hasn’t translated into more people buying homes (as of September 2024, pending home sales had fallen 8.4% year over year).

Housing for many people, even doctors

Keep reading this article on The White Coat Investor.

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