Home Prices NEED To DROP By 50%...

Nationwide, a median mortgage payment is now about 77% higher than it was a year ago, mainly because of higher rates. Assuming those rates don’t change, home prices would have to dive 45% for monthly mortgage payments to return to year-ago levels.

On the other hand, if average mortgage rates rise another 1%, home prices would have to be down about 50% year-to-year for monthly payments to be equal.

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Articles Mentioned in the Video

https://www.floridarealtors.org/news-media/news-articles/2022/11/buyers-waited-falling-prices-big-mistake
https://www.floridarealtors.org/news-media/news-articles/2022/11/coalition-pushing-national-rent-control
https://www.orlandoweekly.com/news/rents-are-going-down-across-the-country-with-notable-exceptions-in-these-

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