The TRUTH About The 2023 Housing Market Crash

Описание: The TRUTH About The 2023 Housing Market Crash

The Housing Crash is entering into the 2nd phase right now. The housing bubble has already popped and we're beginning to see housing affordability reach record lows which leads many to believe there is a bigger housing crash coming.

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We've gone from housing market bubble to many housing market predictions anticipating a real estate crash. The main reason for this has been mortgage rates soaring. According to the latest housing market news, we just reached as high as 7.16% in mortgage rates. Although median sales prices are currently stagnating, it is lagging data as it represents the homes that were really listed on the market in July and August when rates were at 5%. So will the housing market crash? Well there are many experts that are expecting mortgage rates to go higher as part of their housing market forecast and if that is to happen it will cause housing affordability to crumble more than it already has and we will see house prices crash. So far we've already seen a housing market correction of over 6% nationwide but according to the latest housing market update, some markets such as the Austin, TX market have seen as much as a 17% drop in price from peak levels. This is a pretty significant real estate market correction and when it reaches 20% that will technically be considered a property crash. My real estate market forecast is based on inflation data that has just been released this last week and what we can expect in the future, we can expect inflation will continue to be a problem. This will force the fed to continue staying aggressive with monetary policy which in turn will cause an economic recession and ultimately a housing market collapse.

#housingmarket #housingcrash #realestatemarket