EVICTION BAN ENDED PREDICTIONS

The eviction ban ended a few days ago and here are my predictions. I have talked to many more experienced real estate investors about the eviction ban ending. As much as we want another 2008 like market correction to happen I don't think we'll get it.

There's several reasons why I don't believe the end of the eviction ban will bring a major market correction:

1. Courts are backed up and it will take months if not a couple of years for courts to catch up with evictions filed during the last 2 years.

2. Even if there is a 10-20% increase of inventory hitting the market in the next few months there will still be a shortage of housing inventory. This is because in the last couple of decades population has exploded, but affordable housing has not caught up.

3. Interest rate will remain low for the next couple of years . The feds cannot afford to increase rates anytime soon because the economy will surely crash.

4. There will continue be a strong demand for real estate because so much money printed recently and people know that real estate is a good hedge against inflation.

So my prediction is instead of a real estate crash we will get a softening. I see a sellers being more realistic with their asking prices. I see a 10-20% softening start to happen between November 2021 and February 2022. Not all landlords will be affected by these current events (just the ones that poorly managed their properties).

Everything is speculation right now because this is a different situation from 2008.

What is your guy's predictions about the effects of the eviction ban ending?