Over the past century, housing values in the US have been influenced by two main factors: income and rent. However, current housing valuations are not being supported by these factors, particularly as rents are decreasing. Additionally, mortgage rates are relatively high at 7%, leading to decreased buying and renting activity. The decline in rents is especially impacting investors who own around 17 million single-family homes in America. With lower rents from new tenants, their expenses are also increasing. Overall, the housing market is facing significant challenges.
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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