Real Estate Bear Market: 3 Changes Investors Should Make to Their Portfolios
With each passing month, it's becoming abundantly clear that the real estate market is changing. Home buying activity is cooling rapidly across the country, thanks to a lack of affordability. When inflation is at decades high and home prices are at record levels, a rising interest rate environment means fewer people can afford a home.
While more homes are hitting the market as homebuilding backlogs clear and sellers try to capture maximum prices, demand seems to have already peaked. With fewer sales taking place, home prices have actually begun to fall.
To be clear, we're not in a real estate bear market yet, but these indicators could be signs that one is coming. If you're a real estate investor owning real estate investment trusts (REITs) or rental properties and feel bleak about where the real estate market is headed, here are three changes you should make to your portfolio.
Source Fool.com
