The housing market may be in a slowdown but home prices remain high. Two-thirds of Americans are expecting it to crash, according to one report.
The fears are understandable, but unlikely, the report added. Home prices have already begun to fall in some cities, “but a drop in home prices isn’t necessarily a crash,” said Holden Lewis, home and mortgages expert at NerdWallet. But those declines also came after double-digit percentage increases in house prices during the pandemic.
The biggest three reasons given were because of a worsening economy, due to higher mortgage rates, and because of high home prices.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
People need housing, prices are rising. I don't see a crash coming.
Better sell now, BullishBearz!