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This is completely expected in a higher interest rate environment. Home prices are sticky and don't change very fast. A good example is the financial crisis o
by refurb 4y ago
This is completely expected in a higher interest rate environment. Home prices are sticky and don't change very fast. A good example is the financial crisis of 2008. Housing prices didnt bottom out for 2-3 years.
Were basically at the start of the price reset that will likely take years.
- foogazi 4y agoIn 2007 my new neighbor was happy he bought at 50k from the peak - it would go down 150k more in the next two years Then take 8 years to make it back to the price they paid