I think real estate is stuck. Most homeowners are in at very low rates. Their payments are often less than, far less, than what an equivalent rental place would be like.
Only fix is more supply. Homebuilders don't want to build at higher rates until they figure out if people can/will pay the higher cost.
Yeah real estate is just stuck. I think it will be that way for another year at least, but I don't predict a massive collapse in home prices.
I was hoping/ predicting a collapse when they shut down the economy, but I don’t see it happening either.
A lot of big builders by me projected to be down 80%, but we are up a little so far compared to last year. Not doing specs, just direct build jobs for investors or customers.
I’ve been able to purchase or build something for 2 years but have been waiting. Now I’m stuck feeling like I should wait for rates to come down, without inflation burning me
