Is Home Ownership Dead In 2024? The Terrifying Turn In The Housing Market

April 12, 2024 Admin Irish News, Irish Property

<h2>Is Home Ownership Dead In 2024? The Terrifying Turn In The Housing Market</h2> e are on a dark path that will end the dream of homeownership for many people. But it’s not too late to take a different approach. According to a recent report, property prices are up 6.5%, but this does not reveal the real issues facing buyers. If you are looking to buy a house and you are finding it hard, it’s not you, and you are not the only one the odds are stacked against you. If you are trying to buy now, let me know after you watch this video what you think your biggest roadblock is. I share what will be the biggest issue facing buyers in 2024 and beyond. We are witnessing a scary shift in the housing market and some alarming trends in 2024 are emerging that might worsen the situation for years to come? Today, we’re diving into trends of 2024 that could change the way we look at buying homes forever. This year, Myhome asking price reports indicate a significant increase in national asking prices, with homes selling for considerably more than their listed prices. But what’s driving this price inflation, and how does it affect potential buyers and is there more to the story. “Let’s break it down. Across the nation, we’ve seen a 6.5% jump in asking prices, with a notable distinction between urban centres and the rest of the country. More intriguing is the rise in properties fetching prices well beyond their asking. Annual asking price inflation in Dublin is now 7.2%, outpacing the 5.5% figure in the rest of Ireland. The report found asking prices rose by 2% this quarter nationally. My name is Shane Fleming a chartered property expert with over 18 years of experience in real estate, a degree in property economics. The views in these videos are my own and are just entertainment. Credit to : Shane Fleming

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