My take on what has happened: we all played musical chairs while the market had cratered and interest rates were very low. We anticipated rates going up and built our nest / investments on places we wanted to stay long term.
Now we’re all settled in so nobody’s moving.
Interest rates are still low, wages aren’t increasing much, no incentive to move up the food chain property wise. It’s gonna be status quo for a bit.
I could be wrong, tomorrow’s March 1, a flood of new properties could spring up on the market overnight.
