Is there a housing crash brewing for the rest of 2024 and into 2025. Aren’t the home prices currently the highest that they’ve ever been in the recorded history isn’t the home affordability Factor the lowest it’s been in the last 40 years or so isn’t it a fact that the interest rates are at their highest levels in the last 20 years this situation is a dire situation and we may be brewing in a perfect housing storm
Real estate agents have had a rough time these past couple of years with how much the housing market has slowed down to the point where 59% of real estate agents are making far less than 75k/ year which you could argue is barely a living wage in today’s economy. But also, Biden and now probably Kamala Harris’ plan to cap rent increases at 5% per year is a horrible plan that will likely end up making rents even more unaffordable for the average American.