. So in the short-term, demand has increased slightly in some areas, mostly suburbia.
As if that were not bad enough, collateral has been deteriorating generally, and this will eventually result in a credit crunch that will cause more restrictive lending prices and also drive up the costs of borrowing. That will not be good for the market for residential real estate, at all. As a side note, when crashes do occur in residential real estate markets they usually take a few years to fully bottom out. A glance at theconfirms what I believe from my own experience, which is that it often takes three to five years after the crash starts for home prices to reach their lowest lows before finally rebounding.
Sager0202
On the contrary.... the foreclosure market has been baked in for months which is EXACTLY why the unregulated Realtor industry has been hyping low interest rates to artificially puff up housing prices ala 2005/06. Can you say underwater bubble in 2022?
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Source: Forbes - 🏆 394. / 53 Read more »