Does this mean Americans will finally be able to buy a home again in the near future or just lower prices for Corporate America?!
Almost certainly the latter, what I expect to happen is that as prices start falling we’ll see corporations swoop in and buy up housing on the cheap. Regular people are in no position to afford the rising interest rates, but this isn’t a problem for corps since they can just buy the houses outright. It’s already happening too, this is a good vid on the subject https://www.youtube.com/watch?v=iLsZlrZIFwU
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Absolutely not. Prices dropped a bit because rates went up and buyers and sellers balked. However, buyers are coming back out now and at least where I am at, the market is back to just 2 weeks of inventory. That means prices will start marching up again.
It was a shock, not a systematic plunge. I promise it’ll recover soon.
