Real Estate Outlook: 15% Home Price Drop Coming in Pandemic Boom Towns

Prospective homebuyers may be better off staying on the sidelines: the housing market is on its way to a rare buying opportunity, with steep home price declines bound for key areas of the real-estate market in the coming years, according to one analyst.

Nick Gerli, the CEO of the real estate analytics firm Reventure, thinks the home prices in the South are bound for a double-digit decline over the next few years. That’s because the region boomed during the pandemic, but is now seeing waning demand and a deluge of housing inventory about to come online, Gerli told Business Insider.