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There may, however, be hope on the horizon.
Here is what you should know about market predictions andwhether you should buy now or wait for a crash.
Whats Happening With the Housing Market?
Right now, however, home values remain high, particularly in big metros.
But some markets are finally starting to decline.
Inventory increases and less demand are likely to be blamed.
Understanding Seasonality
Graham noted that buyers and sellers need to first understand seasonality.
The increase in demand during these months drives up the cost of homes.
The seasonal uptick in home values occurs each year, particularly betweenJune and August.
What Is the 18-Year Cycle?
Another predictor of home prices that buyers and sellers should consider is the 18-year cycle.
The trend of the 18-year cycle can be traced back through the 1800s.
Harrison has predicted thenext crash will occur in 2026.
Where Are Housing Prices Falling the Most?
In the video, Graham said that housing prices are falling the most in Florida and Texas.
The boom, however, led to oversaturation in some instances.
This created more supply than demand and is likely the catalyst behind these falling housing prices.
But rising inventory has affected markets throughout the United States, including Manhattan.
How Shrinkflation Affects Prices
The final trend Graham talked about is shrinkflation.
For decades, the size of homes grew, increasing their price.
Unfortunately, insurance prices remain high, with many homeowners paying substantially more than they did in the past.
There is also uncertainty about how lower interest rates may affect the market.
Should You Buy Now?
Dont rush to buy something just for the sake of buying something, he said.
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