Market Crash?!

Market Crash?!

  • Spencer Hsu
  • 02/13/23

 

Are home prices in a freefall? πŸ€” Most of us think that what goes up must come down, but will the market actually crash and how low will prices go?

🏑 The main cause for prices cooling off is higher interest rates, which has reduced the demand for real-estate and also impacted the stock market.

Institutional investors are also on the look-out for properties at a discount. πŸ’° On the supply side however, there are not enough single-family homes to meet the needs of all those wanting to buy.

🏘️ This is because not enough homes have been built in the last decade to keep up with the current household formations. πŸ“‰

So in the end, our data suggests that we may have further declines, but there is more of a supply constraint and higher demand. πŸ“ˆ

We'll just have to wait and see what happens, it doesn't look like things will drop too much further. Follow me for more real estate and finance tips.

#realestate #homebuying #housingmarket #inflation #interestrates #buyersmarket

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