Quote:
Originally Posted by SaucyJim
Rates matter, sure. But the inventory here is through the roof. Until we work through that inventory (which is still trending upward), house values must fall. Painful medicine.
|
It should level out in about 2 years. We will continue to decline for a while with the pandemic correction and jobs will settle with the economic changes in place. Then we should see a moderate climb. Nothing like the lightning fast drop back in 08 though.