What was said around it
market where one comment from Jerome Powell could send the market into a free fall. Instead, the housing market is a lot like the temperature in a pool, where if you turn it up, it's going to take a while to heat. And that's what's happening here. The thing is, when payments increase, only new home buyers are affected. Everyone else who's locked in their loan probably is not going to sell unless they absolutely have to. And because of that, it's probably going to take about 12 to 18 months for those new prices to really reflect. That's why I personally believe that a mild drop is probably the most likely scenario, some of the harder hit areas declining by 10 to 15%. But, as all of the data we've seen suggests, accurately predicting anything is really a shot in the dark. That's why it's always best to only buy what you could afford with a fixed-rate mortgage that you intend on keeping for at least 7 to 10 years. And then after that, you could subscribe if you haven't done that already. So, with that said, you guys, thank you so much for watching. As always, feel free to add me on Instagram, and don't forget that you can get a free stock with all the way up to $1,000 with their sponsor, public.com,
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