#realestate #home #yahoofinance
Yahoo Finance’s Dave Briggs explains the latest data on the housing market as existing home sales declined in December and higher rates weigh on home buyers.
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prices tripled in 2 years. only complete idiots are buying right now. when prices are back to 2014 numbers, then there will be a full correction.
2023 will have a lengthy fall season for the housing. Prices must come down at least 20-30% for a healthy long term growth. No one has money to pay for the high monthly mortgage payments. Tech layoffs is just the beginning to end the WFH and eventually our lives will be back to pre-pandemic levels, and that means more monthly expenses which will obviously leads to low buying power. Whoever are falling to the real estate agent baits and buying out of FOMO, my sympathies to you.