I imagine they will get even slower as the stock market bubble deflates as well. Things don’t move in straight lines as I always say. I know LOTS of people that saw the stock market keep going up so they entered probably at the wrong time.
As the stock market deflates, there should be some pain with the “wealth effect”. Over the past 2 years many people got more confident and their consumer spending and appetite for purchasing including real estate went up.
It will be interesting to see how slow things get as the stock market deflates.
