Housing market Crash
Instead the market is. Inflation is the 800-pound gorilla in any economic recipe and therefore is the most significant risk to the 2023 housing market.
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During the financial crisis house prices fell by a total of 264 percent from a high of 108 percent in June 2007 to a low of a -156 percent in February 2009.
. But the largest drop in annual house price growth in a month during this time period was 25 percent half of that recorded for May to. A growing number of indicators show that the housing-market slowdown is starting to look more like the 2008 crash than many originally expected William Edwards 2022-08. Talking heads are saying the housing market is about to crash like its 2008 all over again.
People will stop buying and want to wait for the media-predicted crash and lowering of home prices. High interest rates coupled with the cost of living crisis has seen households squeezed as they try to afford rising energy and fuel costs. There is growing speculation that the housing market could crash in 2022.
The pre-election year can be fraught with uncertainty for many and uncertainty is never good for the economy especially the 2023 housing market. Inflation Might Be a Factor in the 2023 Housing Market Crash. Why the housing market is about to crash.
But what were seeing today is the farthest thing from a 2008 repeat. Being in business for almost 40 years I have seen many cycles and in most cases it starts with. The Bank of England has predicted that inflation in the UK will hit 13 by the end of 2022.
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