Great thread, I’ve thoroughly enjoyed reading everyone’s comments.
A question though- in this thread the seller’s side of the equation (and how it will affect the upcoming months and year) seems to have been thoroughly examined. What about the buyers? I agree that must-sell inventory will dominate or even dictate the market, but what about the effect of the low percentage of first-time homebuyers who can actually afford to purchase a home in this market (even if it is a must-sell home)?
It would seem to me that must-sell inventory and the potential pool of buyers would dictate the market- how can the must-sell inventory be sold if there are few buyers who are able to purchase?
