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The latest analysis on the housing market predicts that home prices will continue to stay high due to persistent demand and limited supply. Despite hopes for a significant drop, it appears unlikely until at least 2025. Experts foresee a potential 20% decline in the next two years, but even then, affordability issues are expected to persist until incomes catch up by around 2028. Meanwhile, rent prices keep climbing, making it harder for potential buyers to save for a down payment. So, while waiting for housing prices to drop, you might as well get comfy—because you could be here a while.

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