With home prices at all-time highs, many (including the Federal Reserve Bank of Dallas!) are warning the US is back in a housing bubble.
One that is suddenly facing a lot of potential pins that threaten to burst it.
Fast rising mortgage rates, record unaffordability, a weakening consumer, a slowing economy, new inventory coming online — the list is long and growing fast.
How likely is a coming correction for the housing market?
If one occurs, how bad could it be?
Which markets are most vulnerable? And which look best positioned?
For answers to these important questions, I sit down with real estate analyst Nicholas Gerli.
The punchline? Nick expects the US housing market to drop by 10-30% this year.
Whether you’re a home owner, a renter, a potential home seller or buyer, you’ll want to watch this brand-new interview with Nicholas Gerli.