Why You Can't Afford Your Dream Home in 2023

n 2023, we will likely experience an increase in new listings and inventory in the housing market. Sellers have been hesitant to sell due to low mortgage rates, but as the economy faces recessionary pressures and people delay listing their homes, a surge in listings is expected. However, this surge in inventory will not be met with a corresponding surge in demand, as mortgage rates have risen to 7.2%, making it difficult for the average home buyer to afford a house. Many potential buyers will not qualify for loans or will end up being "house poor" if they choose to buy despite the high costs.

Watch more of this short video from A Coming Surge In Inventory To Drop Home Prices By Up To 35%? | Reventure Consulting.

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