For some really top notch economic analysis of restrictive housing policies making housing less affordable, look at the work of Harvard economist Ed Glasier.

We've partnered with ITR several times as their economists always provide extremely up-to-date forecasts.

New-home sales account for around 15% to 20% of all recent home sales and could reach 30% in some markets, compared with a historical average of 10%, according to Lawrence Yun, chief economist at the National Association of Realtors.

The combination of persistently elevated prices, high interest rates and now tightening credit conditions will weigh on business investment, consumer spending and the transactions markets in the coming monthsAlmost two-thirds of chief economists believe a global recession is likely in 2023; of which 18% consider it extremely likely – more than twice as many as in the previous survey conducted in September 2022.

Of course I am in one of the hottest markets in the world, during one of the longest bull markets ever.It would be more succinct to say, traditional general and some specialty merchandise retail is dead, as we previously knew it.But as the OP said and as many previous economists have said, we are turning into a service economy.

On the other hand, Snohomish County's asking price remained stable, and Pierce County saw a slight increase of 0.3%.Looking ahead, Lawrence Yun, the chief economist at the National Association of Realtors, predicts a more favorable market on the horizon.

I'm hearing from economists, this is akin to a Cat 5 Hurricane hitting every major city in America.

If new construction slows you drive prices up because inventory drops, so there is only so high the FED can go before our inventory becomes worse.I know some of you economists out there are screaming but the point of this post was to touch on a few of the basic principles that were are currently facing.Many believe that the FED is either done raising rates or they do one more increase come November but I would bet that will be the peak.

I’m getting information from economists that we will see for sure 7+ if not in the 8’s!  

I see a lot of posts on Bigger Pockets talking about different hot markets and Charlotte is frequently mentioned.  Here is an interesting article with a really cool graphic illustrating Charlotte's projected growth th...