Anybody who buys real estate right now thinking that its a good time, will 100% be stuck for many years. When rates go down there will be more inventory causing prices to go down. We are in a historic real estse market that is driven my inventory. That wont last forever. Any surge in buyers will be short lived and will fizzle out.
And where will all of this inventory come from? You need to have a very good theory on that in order to make sense out of prices doing anything but going higher
@@SmarterSanDiego I beleive the inventory will come from lowering rates. People are stuck right now and cannot move. Once rates are lower they will be listing their homes. Prices will not be higher in 2024. And if they are it will be very short lived.
@@cksportscards623 there’s a big problem with that theory. The people you were talking about, who are waiting for lower rates so they can sell their home and buy another one, are going to cancel themselves out. They will list a home for sale, but they will also be buying a home, that is a net neutral inventory scenario. We would need to see Sellers who are not going to be buying come to the marketplace in huge numbers in order for the market to crash. People waiting for interest rates to drop would not be it.
