Builders Fear the Worst for the Housing Market: Is a Crash Imminent?

Builder sentiment has officially hit the lowest its ever been since mid 2012.
Looks like every single month in 2022, builder sentiment kept sinking further and further.
In this video, we discuss the latest trends in the housing market, including how the rising interest rates, increased costs, and reduced buyer demand are affecting builder sentiment. With every passing month in 2022, builder sentiment continues to decline, hitting its lowest reading since mid-2012.
This has made it increasingly difficult to keep homes affordable for consumers and has forced builders to use creative incentives to attract buyers. While the market may seem scary, we explore why there may be a strong recovery on the horizon for 2024.
But does that mean that a crash is imminent in 2023?
Join us as we examine the data and provide insights into the current state of the housing market.
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Mark Beneke is a Fresno Real Estate Agent. He is a Residential, Investment, and Relocation specialist with Realty Concepts serving the Greater Fresno Area communities.
If you are looking to sell, allow Mark to sell your home for more in less time utilizing modern marketing strategies. If you are looking to buy, allow him to lock arms with you in pursuit of your new home and make sure you find the dream home you deserve.
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