Three months later, the decline of the real estate market is more apparent, with only a slight and recent, but predicted to be temporary, improvement.
Real estate is depreciating significantly. There is no easier manner in which to say so. Some predict that this will be the most significant adjustment of the real estate market in modern American history. This adjustment is expected to be most severe within the first year, and then to continue for a few years. The more overpriced markets and overpriced properties will likely be affected most.
Recession, inflation, interest rates and the many economic variables that affect the real estate market are all so confusing. Their influences are undeniable though. Real estate investments are losing value. Rental properties will likely be generating less revenue soon. It all seems to be so unpleasant.
However, depreciation of real estate may improve the potential for some who would like to purchase a home to do so. Also, declining rental rates may facilitate procurement of rented domestic situations by some who would benefit from…
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Felton League 