patrick.net

Blue says

I doubt with the given insane inflation that might bring the prices back on track for the next wrong reason.

Inflation means a bigger chunk of paycheck for gasoline, utility, food. Therefore, less for housing. Inflationary for the cost of living, deflationary for housing.

We had some decrease in estimates, but hardly a noticeable correction. Inflation will levitate everything, though I expect the market to become somewhat illiquid, mainly with steeper discounts on the houses of those who must sell, but otherwise continued high prices and few transactions.

I just love listening to people's predictions. 100% of the time they are correct but not about the timing.

How the hell did all of the experts miss the last housing bubble?

I just read that CPI is over 18% as measured in 1980 when Volcker raised the Fed Funds Rate to 20%. Powell is still below 2%.

WineHorror1 says

How the hell did all of the experts miss the last housing bubble?

Don't confuse propagandists and marketers with "experts".

WineHorror1 says

How the hell did all of the experts miss the last housing bubble?

"experts" are always wrong.