The Housing Market Correction Is Spreading

Episode #463

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*The housing market correction is about to get worse.* Before, the Northeast and Midwest markets were insulated from the sizable price drops happening in places like Texas and Florida, but not anymore. *The correction is spreading,* and the once “safe” markets are creeping closer and closer to *price cuts, concessions, and desperate sellers* becoming the norm.

The question is: *does this snowball into a full-blown housing crash,* or is the housing market strong enough to keep us in “correction” territory? Dave is back, and this time, he’s going deep on what’s next for the housing market.

Things are *changing, and not in the way sellers would want.* Demand is starting to fall as buyers get boxed out of the market and high mortgage rates make homes more unaffordable. *Sellers* once stuck to their prices or took properties off the market to wait, but now they're *offering sizable concessions and price cuts.* The supply-demand equilibrium has shifted, and deals are about to get even sweeter.

So, if you’re buying today when prices very well could continue to slide, *how much of a discount should you go for,* and at what point do prices start to bottom?

Episode Show Notes:
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