We are overdue. If any of you are basing your opinions on the real estate market on how the STOCK markets are performing, I can assure you that the stock market is front-running expected economic trouble. Right now, stock levels are about summer 2020. If the markets think this is the stopping point, then I expect home prices to sink to about summer 2020 numbers as well. Reason? Though the stock market and real estate markets are not directly correlated, they are indirectly related.
No one knows at all, and should not claim that they do, where we are headed. I'm just telling you where we ARE, which you all could have done for yourselves.