How do we know that the meteoric rise in U.S. housing prices can’t be sustained? Common sense and history. Common sense tells us that something will give. It may be that as more people sell their homes and inventory opens up, supply will keep pace with demand, driving down prices. Or it might be that prices will hit a tipping point, and home buyers anxious to save money by snagging a low rate will lose interest when sky-high prices eat up any possible savings.
That said, if anyone tells you they can accurately predict when the housing market will crash, check to see what they’re selling. Attempting to figure out when the housing landscape will flatten is a guessing game, with so many moving pieces that it changes daily. However, here’s what we can tell you with confidence.
6 Simple Tips to Secure a 1.75% Mortgage Rate
Secure access to The Ascent’s free guide that reveals how to get the lowest mortgage rate for your new home…