I’m skeptical that prices are going to fall too much. Go to any Reddit thread on the topic of interest rates, talk to any of your young friends that haven’t bought a house yet, and you’ll find a common theme. “I can’t wait for house prices to fall so I can buy”. Isn’t that the definition of demand? If prices go down 10%, there is going to be a massive number of young people jumping into the market.
I’m wondering if we might see more houses go up for sale, but not necessarily a drop in prices simply because the demand will be there to soak up the supply for a long time.
I’m wondering if we might see more houses go up for sale, but not necessarily a drop in prices simply because the demand will be there to soak up the supply for a long time.