Mexican Standoff Revisited

Here is my blog from 7 months ago

https://www.biggerpockets.com/...

And here is an article with some thoughts from Barbara Corcoran, 

https://www.foxbusiness.com/re...

Corcoran is singing my tune:

"So you get a Mexican standoff going on, but things are changing," she said. "The people who are going out there and buying are finding they're overbuilding. They're having a hard time getting their hands on the house. And right now, what everybody's afraid of is the high-interest rates. But the minute those interest rates come down, all hell is going to break loose and prices are going to go through the roof.

She goes further to say that the commercial sector is going to be a "bloodbath"

We have been seeing this Mexican Standoff for at least 9 months.  There are deals getting done, but most are from sellers who believe they missed the selling window with the low mtg rates.  They are taking advantage of the low inventory to try to sell. 

I agree with Corcoran that when interest rates drop there will be a lot of activity.

What I don't agree with is those who are sitting on the sidelines waiting for rates to drop.  Realistically they are better off trying to get a deal now, and then benefit from a refi when the rates drop.