3 ms·
They could fall for a while and still not be down or close to flat over the past 2-3 years. Home prices were up 25%+ in many areas from 2020 to 2022. One of the
by partiallypro 4y ago
They could fall for a while and still not be down or close to flat over the past 2-3 years. Home prices were up 25%+ in many areas from 2020 to 2022. One of the craziest things I've seen. There are so many entrenched interests in housing that barring a crazy downturn they aren't going to fall much, unfortunately. A home which was $250k around my area in 2017 is now going for $500k, despite the current conditions. Make that make sense. The Fed, zoning boards, entrenched investors, and builders royally screwed everyone.