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