Home Prices Aren’t Crashing, Here's Why
Posted by Amanda Kittle R(S) - Maui Real Estate Agent on
The housing market has been going through many major shifts. Mortgage rates are increasing, people are questioning their ability to buy a home, and the seller’s market has started getting support from these tailwinds. It all came to a conclusion last summer when home prices reached their peak. And when there are peaks, there are retraces. Headlines saying “home prices will go down soon” started to circulate.
But those expectations weren’t matched. Even though the number of buyers isn’t high anymore, house prices aren’t going down. They stay flat, with many houses and real estate owners refusing to budge and reduce home prices.
Commenting on this, Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), said he doesn’t…
139 Views, 0 Comments
