[subsubzero]

agree, what really makes me upset is how housing prices in certain areas has not gone down at all given that rates are double what they were a year or 2 ago. The un-affordability is beyond reason.

[lotsofpulp]

It is just supply and demand. Supply is half of what it used to be.

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg...

https://www.calculatedriskblog.com/2023/05/housing-may-15th-...

The supply demand situation is probably even worse in high demand areas.

[rightbyte]

Prices are sticky and people are way more emotional when it comes pricing their home than other things.

Those who refuse to sell now are just keeping up the price for the ones who do sell. If the price is not sustainable ot will go down.