Part 1/8:
The Current State of Real Estate: A Deep Dive into Trends and Woes
As the new year unfolds, the real estate market finds itself in a precarious position that raises alarm bells among industry experts and prospective buyers alike. The statistics reveal sobering truths, particularly for real estate transactions. A staggering 40,000 contracts were canceled in December 2024 alone, representing 16% of all transactions, which indicates a significant hesitation among buyers. This trend, compounded by unfavorable financial conditions, is creating a storm of uncertainty across the housing market.