Home prices over the next year
I am noticing a ton home just sitting it obvious they are overpriced and when they do sell they sell for way less then a correctly priced home.
Another issue is a lot these homes think pricing on properties selling is correct. But it a home with no major updating since 2005 and has original windows and a things like ac on it last legs with no solar that people do not price this into there offers.
With rising interest rates it sure looks like a around a 20-30% drop in near future. Not sure what other people are seeing. To me it not that homes are not selling because the one priced correctly are in a few weeks it that a huge chunk thinks there house is worth the same as house where money was spend on it.