It Started: The Housing Market Is Collapsing

"Zillow who's identified 123 markets that they believe will see a decline throughout the next year"

"Zillow revised their forecast downwards to show home price growth at just 22% throughout the next 12 months which when adjusted for inflation is probably going to mean that real price growth over the next year is going to be negative"

"Moody's Analytics also believes that a large portion of the market is going to see a decline over the next few years with the most atrisk markets being the ones that saw the most appreciation since the start of the pandemic"

"they also estimate that National housing prices are overvalued by 24.7% which means that US housing prices are the most detached that they've been from fundamentals since the housing bubble"

"he believes the housing market is in trouble as he points out home prices haven't fallen since the 2007 to9 recession existing home sales are down permits are down it might not be catastrophic but prices are expected to fall by something a little over 10% by 2024 or five"

"unless you live in a highly speculative Market most likely a price decline is going to be healthy and it might be a good opportunity to negotiate a price in a property that's otherwise perfect"

"I would personally only recommend to buy a property that you intend on keeping for at least 7 to 10 years"