US housing market: trend reversal in sight? Financial experts see hope after a difficult year in 2023

US housing market: trend reversal in sight? Financial experts see hope after a difficult year in 2023

According to a report by www.morgenpost.de,
2023 was the worst for the US housing market since 2007, but there are signs of a possible turnaround. The recovery in the housing market and lower interest rates could represent an opportunity for German investors. However, there are also risks, particularly in relation to a historic court ruling that aims to restrict price fixing among real estate agents. This could have a huge impact on the real estate market and change the dynamics of the market.

In the USA, the real estate market plays an important role in the overall economy. On average, your own property accounts for 45 percent of household assets. If the value of the property increases, the owners are inclined to increase their consumer spending, which in turn accounts for a large part of economic output. However, 2023 was a difficult year for the real estate market, with a rise in interest rates and the associated difficulty in financing property purchases.

Nevertheless, there are signs of a possible trend reversal. Towards the end of the year, interest rates fell, which led to a growing interest in the real estate market and the number of houses sold increased. Prices have also risen again. This could be positive for the market and encourage German investors to invest in the US real estate market.

However, a historic court ruling is hanging over the market that could change the commission structure for real estate agents. If the commission structure were to actually change, it could increase costs for homebuyers and reduce the motivation of agents, which could result in many deals falling through and jeopardizing the recovery in the real estate market. Caution is therefore advised and investors should keep a close eye on market developments and the impact of the court ruling.