The housing market crisis in America
The one thing that I am pretty sure of is when rates come down a bit, houses prices are going to go nuts again. The fed hasn't been able to do much with housing because lack of supply and people aren't willing to give up their 3% mortgage that they have locked in. And I don't think it will have to come down much, probably in the range of 5.5% on a 30 year is my guess to get things moving again.
It’s funny my boss was just talking about this earlier this morning. Apparently they still can’t keep homes in stock around here as soon as they are listed they are sold. But the difference is they are all cash deals, no one is financing. Even being all cash deals that can’t keep a house on the market around here.