Experts say housing market is heading for 'pain', so what can buyers and sellers expect in this environment?

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Falling house prices have led to more uncertainty for anyone hoping to make a move

For Ron Butler, a mortgage broker at Butler Mortgage, Brown’s report “undershoots how bad it’s gonna get.”Article content

“When people start to investigate buying a home, they do some research, and they quickly find out that the prices are now falling. So no one wants to buy a house, if they think they can wait, it’ll be $100,000 less than a few months.”Article contentWhat about investment properties? Whether investors are going to see profits if they are selling now entirely depends on the area where they purchased.Article content

 

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Experts always say that. Yet for the last 20 years… short term maybe, but it will come back… cuz people are wealthier.. cuz wealth inheritance will accelerate as society gets older.. and rates will peak soon..

Just like here In Australia.

Good bring on the pain

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