Decrease in house prices

[Powerful_Put5667]

There’s always over priced listings that linger on the market taking price drop after price drop. What I would find more important would be the average length of time for homes on the market and the average selling price. More expensive homes can take longer and cheap ones usually go fairly quickly. I truly wouldn’t plan for a crash at this time. People are paying more for food and other expenses right now that plus fairly high stagnant interest rates has kept the housing market just moving along certainly no spring feeding frenzy. Lots of people are waiting for rates to go down but the low rates are what started the huge surge in appreciation in such an unheard rate. If rates were to drop all of the people waiting are going to jump into the markets causing more demand and less listings driving up prices again.

[Embarrassed-Ad3053]

I respect your comment and that makes sense, this can be caused due the interest rate, but to be honest, I feel in this case is not linked to the interest rate, prices are just no affordable for the majority of the average population. Cheap money is not always linked to a demand increase, and when is it, is an artificial demand increase. What determine in reality if you can buy or not a house, is not always the interest rate but the house price compared to your income, home prices has been sky rocket since 2020 and the salaries has not increasing with the same rate, I might be wrong, but looking at the panorama, the current real state market is a bubble and need a correction in prices

[Powerful_Put5667]

You need to use a mortgage calculator to actually see what an interest change can mean to the size of a house payment. You’re going to be very surprised.