The market will eventually find an equilibrium. Part of the problem might be sellers owe too much to drop the price. If it gets to a point they can’t make the payments they will just walk away. Or inflation will just get worse, which will bring the value of the house back up to what they owe.
1 Comment
The market will eventually find an equilibrium. Part of the problem might be sellers owe too much to drop the price. If it gets to a point they can’t make the payments they will just walk away. Or inflation will just get worse, which will bring the value of the house back up to what they owe.