2019 vs. 2024: Homes are harder to find, and even harder to afford

2019 vs. 2024: Homes are harder to find, and even harder to afford

Assessment

Interactive Video

Business

University

Hard

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The video discusses the current state of the housing market, highlighting the challenges buyers face due to high prices and mortgage rates. It compares market changes from 2019 to 2024, noting significant price increases and inflation. Despite these challenges, there is good news for buyers as more affordable homes are entering the market, with inventory up 35% compared to last spring. Sellers, especially those downsizing or paying cash, are in a favorable position to profit.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the percentage increase in inventory compared to last spring?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Who are considered the biggest winners in the current housing market according to the text?

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