Just a general question. With many more buyers looking, rents rising, and less sellers can a real estate market decline considerably? In my market there’s a major housing shortage. I see a lot of overpriced junk, reminiscent of 2005. However now buyers are everywhere. People have to find a place to live. Just trying to come up with a scenario where prices are forced down (realistically). I’ve always thought when interest rates rise things would have to change, but not so sure now since there’s just a lack of housing…
Any help will be apprecited.
I didn’t find the right solution from the Internet.
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