Why the US Housing Market hasn't Crashed yet (repeat of 2008?)
invite response
2023 Jul 20, 6:56pm 4,080 views 43 comments
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43
GNL
2023 Jul 23, 4:57pm
GNL
2023 Jul 23, 4:57pm
All true. Let's see what happens if Newsome becomes prez. It's the trajectory of the country that I am concerned about. How does anyone think countries become shitholes? It happens like what we are seeing. We have immigrents tell us exactly this. Anyway, good luck to all. Be good to one another and respect each other. Rich or poor. There are good and bad rich people same as there are good and bad poor people. If you for sure know who those bad people are, well, then do what you got to do. LOL
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But despite this collapse in buyer demand, home prices have remained resilient, only declining by 1% YoY on a national basis, and up to 15% in the hardest hit markets. To date, the decline in the Housing Market registers more as a modest correction rather than a crash.
This slow pace of initial price declines is now leading many homebuyers and real estate investors to believe that the Housing Market won't ever crash, and that we'll be stuck with high prices into the foreseeable future.
Is this true? Well, let's look into the data, step by step, so you as a homebuyer or investor can uncover truth about when this Housing Market will crash.
8 data points
https://www.reventure.app/blog/why-the-us-housing-market-hasnt-crashed-yet-repeat-of-2008