Housing Market 2023

The U.S. housing market is looking like it did around 2006/7!

It’s looking like home prices could fall by 30% in 2023 as the housing crash gets worse.

Housing Market 2023

Particularly in hard-hit cities such as Phoenix, Austin, and San Francisco, where home prices are already down 10-15%.

It’s important for Homebuyers to remember that the US Housing Market is still in the biggest bubble ever entering 2023. The ratio of Home Prices to Income is the highest on record. Even higher than before the 2008 Housing Crash. That means that homebuyers in America are priced out. They can’t afford the downpayments or mortgage payments.

Which is the demand to buy houses is currently sitting at the lowest level in a decade. That record-low buyer demand is the sign of the first stage of the housing crash. The second stage will include much bigger declines in prices. In cities such as Charlotte, Tampa, and Dallas, where home prices are 30% overvalued, we could see sellers cut the price substantially in 2023. Same in metros such as Miami and Las Vegas.

Housing Market 2023

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• DISCLAIMER:

  Some of the links in this description and in our videos may be affiliate links, and pay a small commission if you use them. I really appreciate the support.

  The content in my Youtube videos SHALL NOT be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. I am a not financial adviser. I only express my opinions based on my experiences. Your experience may be quite different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. There is NO guarantee of gains or losses on any investments.

  My produced videos are for entertainment purposes ONLY. DO NOT make buying or selling decisions based on these videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc., financial advisor, or the appropriate professional for the subject you would like help with.

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