Warren Buffett's Berkshire Hathaway expects housing market price changes soon

Homebuyers have confronted a turbulent housing market over the final few years. Rising dwelling prices and elevated mortgage rates have forced many American citizens to rethink or postpone homeownership till stipulations turn into extra realistic.

In 2020 and 2021, dwelling prices skyrocketed as transferring patterns shifted from cities and homebuyers began to map discontinuance merit of record-low mortgage rates below 3%. After the initial Covid-generation housing enhance, surging inflation in 2022 exacerbated housing prices that had been already on the rise.