RealWarrenBuffett@lemm.ee to News@lemmy.worldEnglish · 9 months agoCould homebuyers finally catch a break? Experts predict a housing glut in 2024creditnews.comexternal-linkmessage-square13fedilinkarrow-up123arrow-down15
arrow-up118arrow-down1external-linkCould homebuyers finally catch a break? Experts predict a housing glut in 2024creditnews.comRealWarrenBuffett@lemm.ee to News@lemmy.worldEnglish · 9 months agomessage-square13fedilink
minus-squareOldWoodFrame@lemm.eelinkfedilinkarrow-up6arrow-down1·9 months ago1.6 million houses are being built annually right now in the US. Some of that is in big developments somewhere else but if people are buying those homes they are not buying the homes near you so there is one more house on the market near you. Also, almost 3.5 million people die every year and that doesn’t account for people moving into old folks homes etc.
minus-squareericjmorey@lemmy.worldlinkfedilinkEnglisharrow-up5·9 months ago4,138,349 were born 18 years ago
1.6 million houses are being built annually right now in the US. Some of that is in big developments somewhere else but if people are buying those homes they are not buying the homes near you so there is one more house on the market near you.
Also, almost 3.5 million people die every year and that doesn’t account for people moving into old folks homes etc.
4,138,349 were born 18 years ago