Not only that, new listings are down YoY while inventory continues to grow. That's a bad combination if you want prices to continue to go up. There's so many p

Not only that, new listings are down YoY while inventory continues to grow. That's a bad combination if you want prices to continue to go up. There's so many predictions but my take is simple, the only thing for sure is that prices are not going up anytime soon again. I'm still renting as I moved around a lot for jobs. I've saved hundreds of thousands of dollars, and intend to strike in 2023. I'm still looking for deals in the meanwhile, but most of these sellers are bitter that the market from even at ~5% in the summer is gone. And by and large the buyers disappeared in March in my region. At a certain point, prices do have to match the cost of borrowing money. That's the trap of cheap loans. Those that got ~3% loans are stuck in whatever home they chose without a loss. They can't sell because most used that cheap money to pay ahead on decades of gains. Finding a sucker at 7%+ is going to be impossible, because short-term minded people simply don't have the money or means. And there's only so many generous and wealthy fathers to go around. Even those dads or investors don't want to take a risk in a market that hasn't bottomed out yet. Once again, as always, cash is king.