Hi Natalya! If the Fed increases rates again (which is highly likely), prices might drop but because there is a limited supply of homes in the "affordable" category (ie starter homes and low to middle income earner homes) I don't believe residential real estate prices will see significant declines. The majority of homeowners don't want to sell because they are locked into mortgages below 4%, so it's unlikely we'll see housing inventory rise. Even if demand does drop, any price declines shouldn't be major.
Sans 'Great Reset' we are headed to 0 new ownership of anything soon.
As a CPA, looking at the U.S. balance sheet, do your think CEO Powell should file Chapter 11/13 now, or just wait for all his employees to become homeless?
Does it mean the prices in real estate will go down very soon?
Hi Natalya! If the Fed increases rates again (which is highly likely), prices might drop but because there is a limited supply of homes in the "affordable" category (ie starter homes and low to middle income earner homes) I don't believe residential real estate prices will see significant declines. The majority of homeowners don't want to sell because they are locked into mortgages below 4%, so it's unlikely we'll see housing inventory rise. Even if demand does drop, any price declines shouldn't be major.
You may have seen this. Gabriella focuses on the troubling credit issues that most of her colleagues in the MSM financial press prefer to ignore. Personal loans are masking Americans’ credit card problems https://finance.yahoo.com/news/personal-loans-are-masking-americans-credit-card-problems-140032349.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
Sans 'Great Reset' we are headed to 0 new ownership of anything soon.
As a CPA, looking at the U.S. balance sheet, do your think CEO Powell should file Chapter 11/13 now, or just wait for all his employees to become homeless?