"Things are going to get worse." Based on what, just high mortgage rates and house prices? Available housing stock hasn't been this low since 1982. The housing market will continue to be in high demand until inflation and the current inventory conditions stabilize. Just like the early 1980's market stabilization, this could take several years. One can't compare the 2009-2016 housing market to anything other than the Great Depression from 90 years ago. Buying houses at 40-60 cents on the dollar was a once in a lifetime experience that most of us will never see again.
"Things are going to get worse." Based on what, just high mortgage rates and house prices? Available housing stock hasn't been this low since 1982. The housing market will continue to be in high demand until inflation and the current inventory conditions stabilize. Just like the early 1980's market stabilization, this could take several years. One can't compare the 2009-2016 housing market to anything other than the Great Depression from 90 years ago. Buying houses at 40-60 cents on the dollar was a once in a lifetime experience that most of us will never see again.