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Home Prices are Falling. Will it Continue?
Description
I get political today. But first, I discuss jobs. How far will home prices fall?
Innovation creates jobs. It does not destroy jobs.
American innovation is one reason that we added over a half million new jobs just last month.
All this new job growth and a robust GDP reading will keep us out of a recession for the next few months, maybe much longer.
Both the US median home price (Case-Shiller) and inflation peaked last June.
The US median home price fell 2.5% from its peak.
Where are they falling? Where are the rising? We explore experts' outlook for home prices.
Five expert opinions all range from 2023 home prices rising 5% to falling 4%.
Volatile, coastal markets are correcting down a little. Many stable markets in the Midwest and South are stable or rising a little.
Beware of those that say, "It's never been a better time to buy real estate." That's wrong. 2012 was better.
2021 was the worst time to buy real estate recently.
Even these past few years, and today, it's hard to find a better place to put your investment dollar than carefully-bought income property.
This won't last long. At GREmarketplace.com now, providers are often giving buyers 2% of the purchase price as cash at the closing table and free Property Management for two years.
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Memphis property that cash flows from Day 1:
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Welcome to GRE! From ANNapolis, MD to Santa ANA, CA and across 188 nations worldwide. I'm Keith Weinhold, Forbes REC member and founder of this very platform here… and this is Episode 436 of the Get Rich Education audio podcast.
If you'd like to watch me on video, check out the Get Rich Education YouTube Channel.
But our audio show, right here, is our most popular platform.
Is the world trying to tell me that my voice is better than my face, then? That's what I'm starting to think. Ha!
ARE American home prices are falling. How bad is it? When did it start? And when will it stop? I'm going to answer all of that in just a bit.
Last week, I mentioned that a strong GDP re