Blog > Will Real Estate Prices Go Down?

Will Real Estate Prices Go Down?

by Gordon Hageman

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Real estate markets move in cycles, and short-term corrections are normal. In my experience, prices may adjust in response to higher mortgage rates or changes in buyer sentiment, but a widespread “crash” is far less likely today than in past decades. Most homeowners have substantial equity and stricter lending standards keep risk in check. If prices do soften, it often opens up opportunities for serious buyers who were previously priced out. Over time, real estate tends to regain and exceed its prior value because of population growth, land scarcity, and steady demand for housing.

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Gordon Hageman

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