Insight
Affordability, influenced by wages, home prices, and mortgage rates, is the key variable to watch.
The “Great Stall” Has Begun
Summary
This BiggerPockets article discusses the current state of the housing market, suggesting a "Great Stall" period of stagnant prices and high mortgage rates. Hosts should understand this market dynamic as it impacts investment decisions and profitability, considering the potential scenarios of a crash, melt up, or prolonged stall.
Key takeaway