“The speed of the decline is always going to be uncertain,” said Andrew Hunter, deputy chief U.S. economist at Capital Economics.

At a very high level, most economists would tell you that prices will not decline until supply catches up with demand. 

Economists would refer to it as "economy of scale". 

The majority opinion among economists is that a long-expected recession will materialize in late 2023 or early 2024.

.”- Jerry Nickelsburg,Senior Economist, UCLA Anderson Forecast

This, combined with the fact that people from California's 3 mega-cities are reconsidering the central valley with the advent of remote work, I think our market has more room for growth through the end of the year at least - not an economist, just my observations.

His website (google "the norris group") is full of information (radio shows...etc.)Personally I don't put much weight on what the economists that work for CAR or NAR put out.

GDP Since April of 2008 (in inflation-adjusted dollars) has risen a paltry 4.36% (that's over a period of seven years).I'm not an economist and I don't play one on TV.

Some economists estimate around five years.The secondary fallout from the crash is all the refi's coming due on 10-year balloons.

The category called "Shelter" is housing and represents 30% of the overall number:https://www.bls.gov/charts/con...Pretty much no economist said that inflation was only transitory.