Housing Market Apocalypse: Bank of America Predicts Prices Will Soar Until 2026
New York – First-time homebuyers seeking relief from high mortgage rates and soaring home prices may have to wait longer for any signs of improvement. Economists at Bank of America are pessimistic about the US housing market, predicting that it will remain “stuck” until 2026 or beyond. Bank of America analysts anticipate that home prices will continue to rise, exacerbating the existing housing shortage. Despite potential interest rate cuts by the Federal Reserve, mortgage rates …