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Is the housing market really crashing? Redfin’s chief economist shares her predictions

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Inflation is high and interest rates keep rising, leading to a lot of speculation about the housing market, with many throwing around the word “crash.”

This week, The Escape Home’s Danielle Hyams checked in with Redfin chief economist Daryl Fairweather to get a pulse on what exactly is going on.

This week, The Escape Home’s Danielle Hyams checked in with Redfin chief economist Daryl Fairweather to get a pulse on what exactly is going on.Fairweather: Interest rates have really cut into demand. The median monthly mortgage payment on a home is almost 40% higher than what it was a year ago, so that just really cuts into buyer’s budgets, it’s why we’ve seen a slow down in prices, demand and sales.

 

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I hope so doubled my money after the 08 crash.. things need to cool so my next property can double when I buy in

If not yet, it’s going to. Few can afford a 6% mortgage?

It needs to. It's all been way over priced for many years. I mean, vastly overpriced for at least a decade. I'm glad I haven't bought a home. Not worth it. Just my opinion.

What if there were 16 million vacant homes in the US?

RDFN stock definitely crashed..

Redfin lol

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