2 ms·

I think one has to remember inflation, too. It's been, what, 10% for nearly 3 years? A 300k house in 2020, if inflated as such, would be 399k in 2023. For th

I think one has to remember inflation, too. It's been, what, 10% for nearly 3 years? A 300k house in 2020, if inflated as such, would be 399k in 2023. For that reason, I hesitate to predict a huge downward trend in house prices. In this environment, prices holding steady would be a downward trend.

staticman2 4y ago
Inflation has been nowhere close to 10 percent for 3 years. You can determine the adjusted rate here: https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=100&year1=201909&year2=202209 https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=100&year1=2019...