Are Home Values About to Drop?
With the recent seller’s market going so strong, home values have increased substantially. This leads many people to think when the market stabilizes, home values must come back down. But that’s not exactly true…
While many people want to buy due to low interest rates, the lack of supply is only partially coming from missing sellers, it’s also coming from less new construction.
Supply chain delays from the shutdowns are causing the low inventory we see today and that won’t catch up for years to come.
So is your rental property about to lose value?
No. It may appreciate slower nearing the end of the year but it won’t be worth less.