What does everyone think of the current market?
Wondering what is everyone's opinion on the current market? It seems that RE prices are the same and nothing has changed
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I think there will continue to be strong demand but probably some frustrated/bruised small landlords selling to get out of the game, just not enough selling to drop the market.
Optimistically, I don't think there will be a big wave of foreclosures as people have a lot more equity in their homes this time around and will fight harder to hold onto them, unlike the financial crises when so many were underwater anyway.
The cost of repairs/renovations/maintenance seems to be rising so that will possibly continue upward pressure on newer home prices. I could also see lower- and middle-income buyers in a lot of markets getting frustrated at high prices, so it's hard to predict. My strategy is to neither buy nor sell.