When Will Housing Prices Drop

In 2020, the real estate market took a turn, and the mortgage interest rate dropped. It made property, especially homes, affordable for an average earner. However, after the interest rate increase in 2022, the prices rose again. Now many people cant find a decent home within their set budget. Thus, a question that has been circulating the most is when will prices drop again Today, we will find its answer with Rich Barnes, the leading real estate agent in town. According to the expert, waiting for prices to drop can be a big mistake. There is another interest rate boost expected soon. Therefore, it is wise not to wait as there are no chances of dramatic decline. There is a possibility things might dip again, but the 2008 crash is not going to happen. Now, if we look at the chances of a price increase, there is a strong likelihood of a slight increase. Hence, we can conclude that waiting for prices to drop is not a good idea as it may not happen for a while For more market u