Total existing-home sales, including single-family homes, townhomes, condominiums, and co-ops, dropped 5.9% to a seasonally adjusted annual rate of 4.02 million in March, down from February's reading of 4.27 million, the National Association of Realtors (NAR) announced on Thursday.The data was weaker than expected, as economists called for a smaller decline in the sales rate to 4.14 million.

And that shift actually works in your favor.Today’s Inventory Keeps the Housing Market from CrashingMark Fleming, Chief Economist at First American, says:“There’s just generally not enough supply.

. - Epic for all.According to economists’ forecasts, by 2029, Detroiters’ average wages are projected to reach 53.3% of the average wage earned in city-based jobs.

If you listen to other economists, there are different views on this.

The result is millions of idle men and millions of unfilled jobs—what an economist would call a deadweight loss to society.Forty percent of small business owners in March reported job openings they couldn’t fill, with larger shares in construction (56%), transportation (53%) and manufacturing (47%), according to last week’s National Federation of Independent Business survey.

New home developers and flippers may suffer, but landlords who are not overleveraged should be ok.Disclaimer: I am not an economist, accountant, financier, or anything else in that vein. 

Sorry, but I have done enough research to know that rates will drop sooner rather than later, from real economists.  6-7% is not sustainable in the economy longterm.Long-term is subjective, and go ahead and use real economists that have always been wrong.

And right now wall street and most economists are predicting a soft landing so I’m going with them vs the doomers who have been telling me we’re having a major housing crash since 2018. lol 

We're Swedish, experienced business people, I'm a real estate economist, 7 years exp. in RE development finance, and my business partner an entrepreneur with 3 successful exits through company sale out of 5 companies started.

I’ve been around real estate for decades, and I read in The Economist once that in lively markets like Charlotte, folks will pay a premium for a comfortable room if you’re near major employers.A friend of mine tried something similar out in Austin a while back.. he’d inherited a 4-bedroom property and split it into individual room rentals.