What do you all think might happen to the housing market this year? Soar, Cool down or Crash? I think you all provide really good commentary so would love to know everyone’s opinion

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In general I don't see much room for upside, but also don't see a crash either. This isn't 2008 where people were approved for mortgages if they could fog a mirror.

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Has to cool, but I’m thinking people will find creative ways to pay for overpriced homes still. Texas is bad, very bad. I don’t see wages skyrocketing to compensaste for the increase in home price

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There’s three aspects to housing: builders, lenders, and retailers.

Builders are crushed here because rates and credit issues are slowing down mortgage applications and supply chain issues and inflation are delaying construction while pushing costs higher. When rates and inflation peak builders will be a great buy. We have more 30 year olds in this country than ever and they’re forming families.

Lenders suck here and will for a while. I’m less optimistic than I am on builders. Retailers are probably in the middle. Many of them are overvalued with earnings estimates that are too high.

So I’d stay out for now (or short…) but look for an entry in Q3.

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Slow growth upward still. The supply is not there to meet demand, inflation is still a factor to increase prices of hard assets.

Even though rates have gone up, I don’t expect/see anything to cool down for 2022.

Personally looking towards 2024. Supply should catch up and I would imagine some of these offices turn into condos which would bring relief to the supply.

I just had a friend list their house, and it sold in 3 days 35% above listing price. It was in the sketchy part of town even.

It's insane there is still this much buying pressure. It surely will slow down by EOY, as higher rates will eventually dissuade some, but I don't think it will crash any time soon

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