The U.S. residential real estate market has experienced a number of significant trends and projections. According to a report by Mordor Intelligence, apartments are expected to dominate the sector compared to condominiums, and moderate growth is projected with a compound annual growth rate (CAGR) of 2.04% between 2023 and 2028. The residential real estate market in The United States is estimated at USD 2.53 billion in 2023, with a projection of growth to USD 2.80 billion in 2028.

However, the U.S. housing market faces significant challenges. According to an article by BitFinanzas, a significant drop in housing transactions is projected, with only 4.1 million sales anticipated, a notable decline compared to previous years, marked by high prices and discouraged buyers. Additionally, exorbitant mortgage rates and a shortage of available properties have driven sales to lows not seen since the 2008 crisis.

These trends and projections reflect a U.S. residential real estate market that faces significant challenges, including housing affordability and a shortage of available properties. As the market continues to evolve, investors and market players will need to be attentive to these factors to make informed and strategic decisions.
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