this post was submitted on 09 Jul 2024
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Housing Bubble 2: Return of the Ugly
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If supply of homes for sale is high, buyers will have more choices, and therefore prices may stay flat.... Or fall.
But this is housing, unfortunately. Retirees will want to maximize their investment. Sellers may choose to pull off the market if they can't get a price that will let them get into their next home...
I don't think high supply of houses for sale means a bubble. Hopefully for those trying to buy their first it means price growth has stalled.
If you don't live in the house or rent it... It get expensive quick esp if prices are not going up.
Investors always sell first when market turns while some people have to sell and buy during life tho
Idk, I live in NC and the amount of homes that are for sale and have been for sale for a few months (generally due to high prices) are very, very high. I wouldn't be surprised if it does fold, as it isn't just retirees selling.