Author Topic: Poll: Irvine Housing Prediction June 2022  (Read 14760 times)

Offline Liar Loan

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Re: Poll: Irvine Housing Prediction June 2022
« on: June 21, 2022, 02:10:12 PM »
Prices may not go down very much over the next 12 months as we are in a transitional market.  Just like in 1990-1991 median price was flat, and 2006-2007 was mostly flat, 2022-2023 may also be relatively flat. 

The median price could actually increase for awhile because the sales mix will shift to higher end homes that are less rate sensitive.  It will take a recession with job losses to really knock the legs out from under the housing market and that will take some time to develop.

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