Not Ranked
I cannot build a starter home today for what you can buy a new 'existing' one for.
When people realize the market is at that level that is a historical marker that the 'buyers market' lifespan is limited.
That will give negotiating power back to the sellers.
"Don't like this one, hit the road! You cannot build one for this asking price"
I would say the last quarter of this year to the first quarter of next year we will see the market start to turn. Housing and employment MUST turn first. NOT in that order.
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