Reply to Why do expert say: Buckle in for a brutal free-fall in home prices

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Reply to "Why do expert say: Buckle in for a brutal free-fall in home prices - Housing Bubble"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][twitter]https://twitter.com/newslambert/status/1620425745326809099?s=46&t=uMRlePppKdgftZr-I5habA[/twitter]
[twitter]https://twitter.com/newslambert/status/1620427921524662272?s=46&t=j_jgJoAhRnu8q-a6pDE4SA[/twitter][/quote]

Or, basically, what all the reasonable people have been posting for the past year

- No crash
- Price plateau or mild/soft correction
- Return of contingencies to contracts 
- [b]Those that bought at peak will still likely not be underwater assuming they had a DP of greater than 5%[/b]

Really, not that bad when you think about it[/quote]

FWIW being “underwater” doesn’t really mean anything if you’re planning to stay in your house for a long time.  As long as you can afford the mortgage it doesn’t really matter.

Higher interest rates have definitely kept some buyers out of the market and that has reduced demand, but they’ve also kept many potential sellers on the sideline, which has reduced supply.  So I think it’s kind of a wash.[/quote]

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