Housing Market Crash Updates: As you know, the last two years were really unpredictable for the homebuyers in the United States, But we can say that the housing market hasn’t impacted a lot since the pandemic came. If we talk about the last two years 2020 and 2021, the market spluttered across the United States. At that time, we got to see that annual existing home sales achieved their highest mark since 2006. Although, One Georgia resident told, “My experience with looking for a house has been frustrating”.
She also said, “I have been texting my agent day ad night to squeeze in a showing only for the house to go before I could even go see it”.
What do you think about whether the Housing Market Crash or cool off in 2022? we are having lots of opinions from experts in real estate.
One of them has said, “If people are waiting for a price to decline, well, it’s not going to happen”. According to Yun, he said, you could get to see any decline in the price for homes in the year 2022.
However, they have said, that if you really think that market will go down with their housing price. Then, don’t expect anything!. Although, the price might go a little bit down during the first week.
As you have seen above, the experts have given a strong opinion toward the real estate Housing Market Crash. The Fannie Mae’s Economic and Strategic Research Group has predicted single-family home sales to decline 2.4% in 2022.
The group has already seen a heavy fluctuation for last years. It is being said that their current project’s home price growth has dropped to 7.6% from 17.3%.
In simple words, the real estate group is not going to cool off the price in the United States. For further updates and fresh news keep following us on our official site All Social Updates.