You might be asking yourself these questions:
- When Will home prices drop in 2022?
- Will there be a housing market crash in 2022?
- Will home prices drop in 2023?
We know... we've been asked by many young professionals if they should be buying a house right now or wait. Everybody should buy when they feel ready.
However, home affordability is at a 40 year low! Therefore, I decided to dig into my old valuation bag to predict how much I think housing prices are going to drop.
This was a back of the napkin type of valuation but will give us a good feel of what we can expect.
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