In a perfectly healthy market, economists estimate that there would be about a 6 month supply of homes.

When inflation is low and stable, monthly core inflation is roughly 0.2%, on average, said Andrew Hunter, senior U.S. economist at Capital Economics.Core CPI rose 0.2% in November, after a 0.3% reading in October — down significantly from 0.6% in September and August."

As the saying goes, a good economist doesn't consider sunk costs.

Sorry, but I have done enough research to know that rates will drop sooner rather than later, from real economists.  6-7% is not sustainable in the economy longterm.Long-term is subjective, and go ahead and use real economists that have always been wrong.

Economists have historically called it an "island market" due to its historic muted response when compared to primary and secondary market reactions to economic conditions.

Economists often base predictions in this so-called “perfect world.”

However, I feel that this issue warrants consideration and would be especially useful to myself and other new investors.As of late, many economists and market specialists are expecting the market to crash in the very near future.

“The dramatic decline in real economic activity and labor markets since last September has undercut property fundamentals,†wrote Sam Chandan, chief economist of Real Estate Econometrics.

And economists say that in 2021, this Recession will worsen.

There have been recessions and bear markets.Yes, I would agree that the arrival of a flu pandemic on our shores was likely not the method by which the casual observer or even seasoned economists would have guessed as the trigger for our current economic situation.