According to the doomers it’s 100% happening this year though. Just like it was the last five years.

According to the doomers it’s 100% happening this year though. Just like it was the last five years.

✔ This isn’t 2008
Lending is tight. No more “no job, no income, no problem” loans. Buyers today are actually qualified.

✔ The lock-in effect is real
80%+ of homeowners have rates under 5% (a ton under 4%).
They’re not selling unless they have to so inventory stays low.

✔ We’re still underbuilt
We’ve been short millions of homes since the 2008 financial crisis.

No oversupply = no crash setup.

✔ Homeowners have a TON of equity.

This isn’t people barely hanging on.

If they need to sell, they can… which prevents panic selling.

✔ Demand didn’t disappear
It’s just rate-sensitive.
The second rates dip, buyers come flying back in.

✔ Distressed sales are low
Foreclosures and short sales are still near record lows.
No forced selling wave.

What’s actually happening:

Homes are sitting a little longer.
More price cuts.
Negotiation is back.

Will some markets correct? Yes.
A nationwide collapse? Not likely.

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Источник Instagram: thebrokeagent