Will Home Prices Crash As Much As In 2008? Increasingly Possible Says Housing Expert Nick Gerli

2 years ago
130

GO WATCH the companion video to this interview over at Nick's YouTube channel: https://youtu.be/LHJpbBm0vyQ

Housing analyst Nick Gerli returns to the program to warn how swiftly the prospects for home prices are eroding. Confidence in the housing market was supreme just a month or two ago, and suddenly that confidence is vaporizing as an increasing number of experts now caution of a "full blown" correction ahead.

Rising mortgage rates are a huge part of the equation, but we're already starting to see sales slowing and even price cuts in a number of markets -- especially the markets that have been the hottest in past recent years.

Does Nick still think prices could come down by as much as 30% on average? Could we see price declines on par with the 2008 crisis?
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