Opinion: June 17, 2022. Is a Housing Crash in the Horizon?

The home prices have been increasing at an annual rate of about 20%. See my previous post, regarding this topic. However, this may not be sustainable due to the soaring mortgage prices and the signs that a recession is approaching.

There are already signs that the market is cooling, such as price markdowns and a low homebuyer sentiment. In addition, the affordability of homes is dropping to levels not seen before.

See this article for further information

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.