06/21/2023
๐ก Housing Economists: A Correction, Not a Crash! ๐
Great news for homeowners! The housing market in the US is experiencing a correction, not a crash. Despite a decline in sales and higher mortgage rates, home prices continue to rise due to a shortage of available homes for sale.
More than a dozen economists say it will take 2-9 years for building and warehouse values to get back on track โ but homes wonโt lose any appreciable value.