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worn down
Reventure Consulting
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Comments by "worn down" (@worndown8280) on "30% DECLINE in Home Prices in 2023?" video.
no one sounded the alarm last time. This time several major institutions are. Goldman is stating 25% in several cities this year. If its them just hedging their bets or if they have learned caution, who's to say.
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The demographics are much different this time. The majority of the purchaser demographic, the Millennials either already have homes or are out of the family formation stage. And for total housing demand we are now on a downward trend in regards to actual total housing demand. And it will get progressively worse each additional year as there are less young to buy and more Boomers, who currently own 44% of all homes, pass away.
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