Are housing prices expected to drop in the next 2-3 years?
Are housing prices expected to drop in the next 2-3 years?
While predicting the housing market’s trajectory is challenging, many experts do not anticipate significant price drops in the next 2-3 years. Given the ongoing shortage of housing inventory, especially in major metropolitan areas, prices are expected to continue appreciating, albeit at a slower pace. However, factors such as potential economic slowdowns, rising mortgage rates, or shifts in buyer behavior could lead to localized price corrections in some areas. In more affordable or emerging markets, prices could stabilize or even drop slightly as demand moderates.