What to do in a Correcting Market
Let's start off by acknowledging that a housing correction is not the same as a housing market crash. During a correction, home prices balance out in proportion to supply and demand. During a crash, prices fall dramatically due to the decrease of demand while the supply continues to increase.
That's not happening right now!
However, buyers are still concerned in this market correction. Here's what I would do if I was looking to buy in a correcting market right now :
Pay off my consumer debt
Have 6 months of reserves in the bank
Stay informed on what the market is doing
Those are a few things that I'd do, but here's the rest 👇