People who are looking for a crash need to look at delinquency rates and unemployment. Another thing to consider is banks have options for borrowers who fall behind. For all of y’all to get them bottom prices, there has to be more houses on the market than buyers. Right now it’s the opposite and not even close. Yeah you might get some money off or get closing assistance but you aren’t getting a deal, especially with them interest rates. Too many people and companies are banking on home values to plummet which mean if this does happen, bidding wars will raise them prices right back up. My suggestion, try to save as much money as possible if you own a home just in case of job loss or get protection through your insurance that will pay your mortgage while you are out of work. If you are in the market to buy soon, keep saving your money. When you ready to buy, buy what is comfortable to you. Trying to time the market will drive you crazy. At the end of the day a home is only worth what you are willing to pay for it. I’m not saying go blow your money in a bad area where you know the home won’t appreciate but don’t get to stuck on values as they change from appraiser to appraiser and from year to year.
at anywhere especially Austin of all places seeing 2008 numbers. They ain't never seeing 2022 numbers ever again. Get the fukk outta here with this bullshyt.
