Have noticed a ton more houses for sale in my city, about double of last year. Prices have declined and houses are staying on the market longer. I think people thought interest rates were finally going to go down but with the fed keeping them at their current levels there’s a lot of owners trying to get out of the market while it’s still relatively up. I suspect within another year the bubble is going to burst.
This is the key point. Any dip in the market will be speculated upon by institutional money, driving supply down and prices up.
I’ve thought the housing market was going to collapse “soon” for almost a decade.
Once we buy, then it will dip. That’s also how investing works, in my experience