Are housing prices about to drop amid the crash, recession, etc?

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Are housing prices about to drop amid the crash, recession, etc?

Dalton Clem
Member since 2021 · 6 posts · 0 votes

What do you think? Do you think housing prices will be coming down in 2023 / 2024, stay the same or go up?

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Mike Dymski
Investor · Greenville, SC · Member since 2016 · 5k+ posts · 13k+ votes
4y

See below for a 1,500+ post on the subject.  The answer to your question is "yes", one of those.

https://www.biggerpockets.com/...

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  • Mike Dymski
    Investor · Greenville, SC · Member since 2016 · 5k+ posts · 13k+ votes
    4y

    See below for a 1,500+ post on the subject.  The answer to your question is "yes", one of those.

    https://www.biggerpockets.com/...

    5Reply
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    4y

    @Dalton Clem

    I could argue it’s irrelevant for my business plan.

    7e investments53 Reviews
    WebsiteView Page
    1Reply
  • Conner Olsen
    Real Estate Agent · Austin, TX · Member since 2020 · 1k+ posts · 941 votes
    4y
    Quote from @Dalton Clem:

    What do you think? Do you think housing prices will be coming down in 2023 / 2024, stay the same or go up?

    Depends on your market
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  • Jon KellyPro Member
    Investor · Bethlehem, PA · Member since 2016 · 929 posts · 951 votes
    4y

    Kind of a silly question. 

    If/when there's a "crash, recession, etc." prices will drop... that's part of the definition of a crash/recession.  Prices also likely to increase after they drop... 

    The real questions should be: how does this impact your investing strategy? is your market(s) being affected? Will you stand on the sidelines and wait for the right time, or are there opportunities out there now? 

    1Reply
  • Eliott Elias
    Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    4y

    It depends on your market, theses super inflated markets like Austin, Colorado, and Indianapolis will see a larger correction than the rest

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