Rates will eventually settle at ~5%+ after its confirmed inflation is brought down, and then remain there. 40% may not happen but we will be back to 2019 pricin

Rates will eventually settle at ~5%+ after its confirmed inflation is brought down, and then remain there. 40% may not happen but we will be back to 2019 pricing in most markets in 2023, and then back to tracking 2-6% inflationary gains. That correction is guaranteed. I'm watching my market closely and it's collapsing. 40% gains is an aggregate, not every market in the US hit that, and not all will drop that much. It could happen on the coasts, we'll see soon enough.