What If Home Prices Dropped 10%?

Ever wondered what would happen if home prices took a 10% dip? It sounds like a win for first-time buyers, but it’s not all sunshine. If your house is your biggest asset, a price drop could make you feel less rich—and you might spend less on fun stuff. Banks could get picky about loans, and builders might hit pause on new homes. Plus, cities could collect less in property taxes, which means fewer upgrades to parks and schools. So, cheaper homes? Maybe. But it’s a mixed bag for everyone else. #RealEstate #housingmarket #moneymoves