re: Wall Street: Housing market to see 2nd biggest home price decline since Great Depression

quote:

---

I think the sweet spot to purchase a house is about 2-3 years away. By then the market correction should have already taken place or at least enough of a correction to lower prices and rates will begin to drop again.

---

Right. Any drop in prices right now will not be pre-pandemic pricing, and the shock in interest hikes will also hurt you.

I'm looking for a small, older home. I'd much rather sock away whatever money I can and hope and pray for no loss in equity so we'll be ready to buy bigger or build within a couple years.