
Tuesday May 24, 2022
Where will the housing market slump begin, if at all? | Housing Market 2022
Moody's analytics are calling for a sharper decline in the real estate market for 2022, specifically in areas they consider to be overvalued. Corelogic on the other hand doesn't anticipate a sharp decline, even though they also have areas they consider to be overvalued. I went over that article and what I thought about that in this video a few days ago: https://youtu.be/OGyHbkeXWK0
What should we be paying attention to when it comes to the real estate market?
The article I went over today was the one on Fortune Magazine which was released May 2. It's title "We’re in a historically overvalued housing market, and these cities could see home prices drop 10%, Moody’s says": https://fortune.com/2022/05/02/home-prices-in-these-markets-could-fall-moodys-says/
Some popular questions about Real Estate in 2022
The Real Estate Market is going to crash? No
What does the research say about the housing market? It's not going to crash
Will inflation affect the real estate market? Yes, it will, but as long as interest rates remain lower it will not crash the market.
Is it a good time to buy real estate? Yes, don't base your purchasing on fear, if you need to buy go ahead and buy a home and do your homework. Home prices still rise in cycles and real estate has always been a long-term play. It's no different with real estate in 2022.
Is it a good time to sell a home in real estate? Yes, some economists indicate that this year will be the height of the market for home prices.
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