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Sources:
1.https://nypost.com/2022/10/10/home-prices-are-falling-fastest-in-these-10-us-cities-data-shows/
2. https://www.realtor.com/news/trends/house-prices-are-dropping-heres-where-real-estate-is-declining-most/
The housing market is falling apart quickly and this includes some of the hottest real estate markets such as Austin Texas and others. This is happening all due to record high mortgage rates a crashing stock market and a slipping job market. Real estate is falling hard and will likely continue to fall as interest rates rise and the costs to borrow money skyrockets. This is happening at the same point in time we are witnessing record high inflation and massive job layoffs, all of which will impact home prices all over the country.
#realestate #thisisjohnwilliams #recession