patrick.net

WookieMan says

Ignore national median is all I'll say.

I say that as well. Median SALE price is over pumped because top buyers who don't feel econ pressure can still buy, giving a false impression. Inventories are rising while closed sales are collapsing, distorting the reality. Lender Vigilantism going the opposite way of Fed rate cuts.

Rents and Time on Market and Average LIST price are better metrics.

Where do we from here? Is this stagflation? I paid $16 for a sandwich yesterday. In Cleveland!
What are all the real estate agents, brokers, mortgage officers, home inspectors etc. doing and are going to be doing in the next few years? Layoffs in IT are happening and outsourcing is booming.

Since we are talking about FL in this thread. One family decided to sell their condo in FL and move back to Cleveland because they like the access to Cleveland Clinic in Cleveland! They plan to vacation in FL but the condo is sold.

gabbar says

Where do we from here? Is this stagflation? I paid $16 for a sandwich yesterday. In Cleveland!
What are all the real estate agents, brokers, mortgage officers, home inspectors etc. doing and are going to be doing in the next few years? Layoffs in IT are happening and outsourcing is booming.

America is struggling with being American vs selling america out to highest bidder.

So, when do the wheels fall off?

GNL says

So, when do the wheels fall off?

no one knows. 2019 was falling off, so they did pandemic and mass bailouts to inflate economy. can never time it. last 2 years of 30% increased was all inflation driven.