Inventory continues to rise today while new listings go down. Prices are going down continuously in my market. The outlook for a cash buyer is good right now, e

Inventory continues to rise today while new listings go down. Prices are going down continuously in my market. The outlook for a cash buyer is good right now, especially by January. All it will take is one more economic blip and your 2nd scenario becomes true. Which I've read a recession is to be declared before the end of the year and it's a sure thing. We're already have improved conditions for home buying unless you're cash poor. I know I'm in a better position than I was in March of this year. I've been working these sellers hard and they're powerless. By January through the rest of 2023, they're going to be completely at a cash buyer's mercy. The zero-savings lemmings are out of the market. The ones that foolishly drove up their own prices, instead of pocketing the savings on 3% loans. I'd bet on Powell fulfilling his promise to correct real estate prices to affordable levels. It's nowhere close to being done yet, so everyone that bought a house with cheap money better like what they purchased. Probably not, since in the 3% era you had about 30 minutes to decide if you were going to buy the home or not.