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.
Until cities exponentially crank up property tax the owners will keep prices high until Blackrock can buy it for asking price.
The only thing that fixes this is banning the corporate ownership of homes and removing zoning restrictions on non-industrial zones.