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
Definitely unfortunate for those that purchased at peak prices!
Ray Charles could have seen this coming.