The Housing Market Isn't Going To Crash 😒 But Expect A Cool Down & Correction In Prices 🥶 📉 (Mindset)
Manage episode 332512688 series 2820712
Another episode of the #ForeclosureDealsCoachPodcast, another opportunity for market observation and analysis as we continue to see signs of change. We have previously discussed rising interest rates, and as summer kicks into full swing, it seems a glut of sellers are beginning to list their homes in a last-ditch effort to capture the remnants of the unprecedented market appreciation we've seen over the past few years. We have already started to see the average DOM (days on market) for homes increase as buyers look to navigate their new reality, but do these contributing factors forecast a drastic decrease in housing prices like what we saw in 2008? Are the financial and political circumstances we're experiencing today dire enough to constitute a significant market crash, or will the government's response to extreme inflation be measured enough to spur a needed correction while maintaining the overall health of the economy? We have been telling you about a correction for years, so if you're an avid listener, you probably already know how we see things turning out. But listen in as we take a look at current market conditions and relay our belief in why the future might not be as bad as some would make it out to be.
Mentioned in today's episode
Here's a link to the article Donny discussed in today's episode:
Housing Market Isn't Going To Crash, A Plateau Is More Likely
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