Sitting on the Sidelines: The Hidden Price of Waiting for Better Housing Markets
Posted by Judy Orr on
Should You Wait for Housing Prices to Drop? Here's What the Numbers Actually Say
A lot of people are doing the same thing right now: sitting tight, watching the housing market, and hoping prices will eventually come down enough to make buying feel reasonable again. It's an understandable impulse. Nobody wants to overpay for the biggest purchase of their life. But here's the thing—Oxford Economics, one of the most respected economic research firms on the planet, just crunched the numbers on how long that wait might actually take.
Their answer? Seven years.
That's not a casual estimate or a wild guess. Oxford Economics does economic modeling for governments and major financial institutions worldwide. When they say housing affordability won't…
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