this post was submitted on 22 Feb 2023
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United States | News & Politics

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US Housing Market Posts $2.3 Trillion Drop, Biggest Since 2008 (archive.ph)
submitted 2 years ago by yogthos@lemmy.ml to c/usa@lemmy.ml
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[–] shreddy_scientist@lemmy.ml 1 points 2 years ago (1 children)

Does this mean Americans will finally be able to buy a home again in the near future or just lower prices for Corporate America?!

[–] NullNowhere@lemmy.dbzer0.com 1 points 1 year ago

Absolutely not. Prices dropped a bit because rates went up and buyers and sellers balked. However, buyers are coming back out now and at least where I am at, the market is back to just 2 weeks of inventory. That means prices will start marching up again.

It was a shock, not a systematic plunge. I promise it’ll recover soon.