What About this Real Estate Market?

Yep. Sales are definitely down. Prices are still pretty steep though. Wonder when they will start coming down.

Cash sales down 40% yoy, back to 2019 levels, so investors and 1031's are drying up. Next, I think "time to close" will expand because banks won't lend on tighter credit or appraisals. Rates + layoffs will do the rest

To be clear this thread was only about the real estate market. The actual housing market will continue like it is for 5-6 years. We're still building from a backlog after the 2008 crash.