Trust the data not the click bait headlines. Right now supply is at historic lows and there is no data showing that will get any better until interest rates start dropping to the 5s again, and when rates drop, demand picks up so it’s extremely hard to get housing prices to come down in any significant way when the basics of supply and demand just don’t support it. As rates go up less sellers want to sell and less buyers enter the market and when rates go down more buyers enter the market and more homeowners start to sell keeping supply and demand moving with each other no matter what happens with rates. Not great news for anyone looking to buy a home in the next year hoping for a discount.
