Reply to I think the bubble is popping.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The pandemic is over.  People who wanted to move now feel safe trying to do so, which means they have homes to sell.  There's a bit of a conundrum in that no one wants to put their home on the market if they can't find another place to live, but I bet those worries will subside as the pandemic is over and we all get back to normal in 2022.  The days of crappy homes getting 10 offers with vastly over asking bids are probably ending, so if you want to sell, now is the time to do it before the peak ends.  2022 and beyond will likely get back to normal.  Any rate hike will potentially knock a lot of wind out of the market.  People have gotten used to almost 15 years of cheap money.  [b]The days of cheap lending may be ending though[/b].  [/quote]

Yeah maybe, but good gosh - millions of homeowners have already refinanced into absurdly low rates and are locked in for the next 15-30 years.[/quote]

Yes, this is going to put a squeeze on inventory.  Of course many people will be relocated, or just decide to move anyway, but a non-trivial percentage of owners won't want to give up their sub-3% rates, and/or will find that rising rates depress their sale price, so they'll stay put. This will have a ripple effect on other prices.  [/quote]

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