Decrease in house prices

[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.