In my country, the housing market is down. House values have dropped in some places up to 20% since end of 2021. People talk about how it doesn’t matter when upgrading a house as homeowners would be selling and buying in the same market. ELI5?
In: Economics
It means that while the home you’re selling/moving out of has dropped, but so has the house you plan to buy/move into. A drop in value hurts you as a seller but then benefits you as a buyer.
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