Why Home Prices Might NOT go Down! Housing Shortage and Low Interest Rates
The real estate market has always been known as a hedge against inflation and more people are coming into the real estate market despite higher interest rates and historically high prices. Home affordability is rising as well as buyers are unable to maintain the same buying power they had just a few years ago.
Both 2022 and 2023 are likely to see more changes in the housing market, but it is not likely that real estate is in a bubble and the housing market will crash anytime soon.