The housing market is not getting killed. Inventory is still a small fraction of what it traditionally is. Lots of homes selling every week albeit less than a couple months ago but more choices is helping meet the unfilled demand. It’s a market coming back into balance. I pour over data many hours a week. I’m not seeing sign a ton of equity withdrawal this time around like 17 years ago. DZ has never owned a home, never participated in the housing market and knows very little about it. If you want a weekly blow by blow follow the two weekly housing monitor updates i post. That’s what is going on around here
BTW in SD overall we had 15% less homes listed in May 2022 than May 2021.
