Home prices are on the decline after their pandemic-era melt-up.
That’s bad news for current real estate investors, and probably good news for prospective ones.
Here’s how to navigate today’s shifting market.
After their historic pandemic-era melt-up, home prices have begun to fall back toward more realistic levels as high mortgage rates cut into affordability.
Home prices are down 4.1% from June to October according to the S&P CoreLogic Case-Shiller US National Home Price NSA Index, which lags by a few months.
Experts say the trend is set to continue. That’s bad news for real-estate investors currently holding properties — falling home prices affect how much cash they can pull out of a house through a home-equity line of credit, and make flipping homes much riskier. On the other hand, it’s potentially good news for prospective real-estate investors who have been sitting on the sidelines waiting for better deals.
Source: www.msn.com
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