/biz/ - Business & Finance

>>56364675
homes are still selling, we just went from COVID frenzy of 2020-21 where everyone was bidding over asking with all contingencies removed because rates were sub-3%, to a more balanced market

people who were calling for a 2008 crash don't realize that it already happened, now we're in the 2009-11 sideways market where people are uncertain what prices will do in ~5 years.

2009-11 stopped crashing because banks chose to restrict inventory and not let all the foreclosures hit the market. same thing is happening now except it's the owners not the banks who are restricting inventory to prevent a larger crash