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re: Housing prices and Interest rates

Posted on 10/12/23 at 8:20 am to
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 10/12/23 at 8:20 am to
quote:

One thing that’s not debatable - median home affordability has been crushed, so something will give… eventually.


yes, something will give, no doubt.

prices are already in process of coming down due to softening demand. the inventory is going to increase as houses sit longer on the market; putting further downward pressure on prices.
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