Housing market crash to pre-pandemic MONTHLY PAYMENTS: Is the drop in home prices enough?

Are you on the sidelines waiting for a housing market crash to buy a home? How much of a home price drop are you waiting for before you will buy? We ran a poll and share the results, but would that price drop be low enough? Factoring in the big increases in interest rates, how much do home prices need to drop from current home values before MONTHLY PAYMENTS match pre-pandemic monthly payments? We’ll show you the math!

We crunch actual housing market median home price values to show how far home prices need to drop to return the same monthly payments for pre-pandemic home prices. 

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#1 By wade at 9/3/2023 0:05 PM

Wages have gone up significantly since the beginning of the pandemic. Therefore people can afford to pay more than they could pay three years ago. Not to mention anyone who is not a first time homebuyer gained a lot of equity to transfer over to a different home purchase. Anyone thinking they are going to get 2020 prices again is crazy.

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