Reply to When will home prices starting going down again?

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Reply to "When will home prices starting going down again?"

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[quote=Anonymous][quote=Anonymous]I honestly don't know - I'm not sure they will.  I sold in 2021 when we had to move to take care of an elderly relative.  In retrospect, we should've bought immediately after moving because we missed some of the increase in prices.  Now - I just don't know what to do.  I believe prices are overinflated - but I see no reason for them to go down.  Inventory is low - and will remain so while interest rates are on the higher end.  If interest rates go down - there "might" be more supply - but demand will also increase. How that balances out - no one knows.[/quote]

+1 We relocated to a new area and sold our DC home in Fall 2022. We thought prices were going to decrease a bit in our new location since they skyrocketed during the pandemic. They decreased a little bit. We bought in Spring of 2023 for slightly less than we would have paid Spring of 2022. New builds actually increased in value, which no one saw coming. Now things are sitting a bit longer, but prices haven't tanked.

So who knows when prices will go down again? Not me. [/quote]

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