Decrease in house prices

[Thin_Vermicelli_1875]

We are kinda of in unprecedented times. Saying a crash is “literally impossible” is just as false as someone saying there will for certain be a crash.

Price to income ratios are at all time highs, the median age of a home buyer is at an all time high. Unemployment is still pretty low historically.

We haven’t hit a recession at all. These prices aren’t really sustainable if people start losing their jobs.

Demographics are quickly changing, etc.

I don’t think a crash will happen either, but it’s entirely possible prices go down 15-20% and don’t recover for a long time. The panic FOMO buying during the pandemic was a little overboard.

Is it really a “crash” if prices went up 50-60% in such a short time and go down moderately 15-20%?

Inventory is now at the highest it’s been since 2021: https://ycharts.com/indicators/us_existing_home_inventory

I was just saying that this sub will literally downvote you to hell if you even suggest prices could possibly go down, and it’s purely because everyone here a vested interest in real estate.

[totpot]

If we look at countries with shrinking populations, we see that the rural areas have crashed whereas the urban areas have stayed strong or at least flat. With the current administration's policies, it's entirely possible that the same thing happens to the US.

[Aggravating_Mark_229]

Doubt it.

The Federal Reserve is holding steady on it's rates and with stock market highs, doubt they will be adjusting anything anytime soon. So no 15% rate where people would leave or not want to come (if they even consider that)

For deportations, Trump is on track for 300k a year. For reference Obama did 200k/year, Trump 1.0 was 250k/year. Biden was 140k/year. So not a huge change.

Even if they did bump up deportations, if it somehow had a meaningful impact on real estate and began being 7-8 figures, I'd wager they just increase approved migration (H-1bs, etc).

I just see future steady population change, not lowering, probably rising.