![]() ![]() The oversupply depreciates the real estate market, fulfilling the depreciation expectation. The substantial increase in the number of property sellers creates excess supply in the market. As there is a widespread expectation of depreciation, a significant number of homeowners decide to sell their properties. Suppose there is an expectation that a local real estate market will depreciate. To make it more easily understandable, consider the following example. For example, if investors think the stock market will crash, they will buy fewer stocks, prices will start to decline, and the market will actually crash. ![]() ![]() Updated OctoWhat is a Self-Fulfilling Prophecy?Ī self-fulfilling prophecy is an expectation – positive or negative – about something or someone that can affect a person’s behavior in a way that leads those expectations to become a reality. ![]()
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