![]() ![]() So while there’s no guarantee that the housing market will crash, there are certainly some risks that potential buyers should be aware of. This could make borrowing more expensive and further reduce affordability for millions of younger buyers just entering the housing market. In addition, the number of homes being built is not keeping up with population growth, which could eventually lead to a shortage of available homes and put upward pressure on prices.įinally, interest rates are expected to continue to rise to combat inflation and other economic concerns. While it’s impossible to predict the future with 100% accuracy, there are a few factors that suggest that the housing market could be headed for trouble but not a full market crash.įor one, home prices have been rising at an unsustainable pace in recent years, outpacing wage growth and making it difficult for potential buyers to save for a down payment. This is a question on the minds of many Americans, given the recent volatility in the stock market and concerns about the overall health of the economy. In this comprehensive guide, we’ll walk you through everything you need to know about interest rates during a housing crash and what to expect Is the housing market going to crash? The answer isn’t simple, as many factors contribute to interest rates. ![]() As a homeowner, you may be wondering what happens to interest rates if the housing market crashes. Does this increase in interest rates combined with concerns about inflation and the risk of a recession have anything to do with a housing market crash? ![]() This is compared to the all-time low of just under 3% back in 2020. The average 30-year fixed-rate mortgage rate is over 6.35%. ![]()
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