A full buyer’s market is unlikely to emerge in the next 5-yr due to persistent housing shortages.
Even with gradual inventory growth, the supply gap, still in the millions, will prevent a major market shift toward buyers.
Strong demographic demand, particularly from millennials in peak buying years, continues to sustain competition.
Affordability challenges will limit active buyers but won’t create true buyer leverage, as demand remains suppressed, not dominant.
Home prices are expected to rise moderately (3%–5% annually), signaling a stable, slightly seller-favored market.