Housing prices can fluctuate over time, and it is not uncommon for prices to come down in some market conditions. Some factors that can lead to a decrease in housing prices include:
Economic recession: A slowdown in the economy can lead to job loss and reduced income for many people, making it harder for them to afford to buy or rent a home. This can lead to a decrease in demand for housing, which can in turn lead to lower prices.
Overbuilding: When too many homes are built in a particular area, there may be more supply than demand, which can lead to lower prices.
Higher interest rates: When interest rates go up, it becomes more expensive for people to borrow money to buy a home, which can lead to a decrease in demand and lower prices.
Changes in government policy: Government policies that affect the housing market, such as changes in tax laws or mortgage regulations, can also impact housing prices.