This housing market has got to give
Both of us were unemployed. Partner found a job, but I'm having a rough go at it. So, I started to look at home prices to see if our monthly cost could go down enough that I can find a job with less stress or longer search time. Home prices are completely ridiculous. We had put our house on the market last year and had a buyer. We had put an offer on another place and was in the middle of doing the home inspection when my partner received news that he was laid off. We were advised not to discontinue selling our house due to legal implications with the buyers. So, we had to move into a rental while we both searched for jobs. Looking at housing prices further out is just killing me. I saw this article about the impact of layoffs to the market. Economists still claim that the economy is great and people are well employed. I know that posting in the layoff thread will get more of a negative outlook than maybe other threads. Maybe I just want to feel better with you all since you may be in the same predicament.
"Will the housing market crash"
"If unemployment rises more than this, we could experience a downturn, which may hurt the housing market and cause prices to go down a bit. But even then, prices might not drop enough to make a big difference in affordability."
UPDATE- just saw this today 2/27/25: There might be some hope for us folks. delisting increasing