CNN: What's Next In Housing

CNN trying to predict the near future. It’s like a drunk Captain Obvious wrote this piece:

CNN headline: What’s next for the US housing market
CNN Aug 2, 2022 Updated Aug 2, 2022…

:pushpin: Mortgage rates will stabilize

:pushpin: Inventory will rise from last year

:pushpin: Home prices will rise more slowly

:pushpin: Affordability will remain a challenge

In my neck of the woods, mortgage rates have come down a tiny bit this week. But inventory is booming, home prices are falling rapidly, and affordability is more than a “challenge” as not even Upper Middle Class folks can afford overpriced Keys RE where insurance premiums are the Hindenburg blimp and taking out one retiree after another who are forced back into the work force.