Here’s when the housing bubble will burst.
Interest rates have gone up since the beginning of the year. Which is cooling off buyer demand.
At the same time, sellers are being unrealistic with their listing prices. Which is causing inventory to rise.
Because of these two issues, the housing market is seeing a cooldown.
But housing prices aren’t going to crash because of these two factors.
There are simply not enough vacant properties. To meet the current population demands. And most homeowners’ homes are worth more than what they owe.
So if you’re thinking about buying a home, now is a good time to do it Before interest rates continue to climb.
Just be sure to do your homework and work with a reputable real estate agent to find the right property for you.