Is the median home price now about 3 to 5 times median income?
Has the inventory come down to about 5000 houses?
Has the median home price not dropped YOY?
Has unemployment come down to 5.5% or lower?
Is getting a home loan now easier?
I’m thinking the answer to these questions is not only “No”, but that conditions for the market are worsening right now. Most markets tend to over correct. So we’ve probably got a long way to go yet.
