Compared to the recent pricing peak in May 2022, single-family home prices in Austin are down approximately 14%.For some broader context, here’s a chart of the median sales price of a single-family home in Austin over the past 10 years:As you can see, pricing in Austin is still substantially above pre-pandemic levels.

The city's resurgence can be attributed to a combination of tapering construction on new units and a steady increase in demand, pushing rent growth above its pre-pandemic average of 3%.Similarly, San Francisco experienced a dramatic turnaround in July, with apartment rents jumping from 1% in June to 2% at the end of the month.

When Trump did it we ended up with the biggest deficit of all time, well before the pandemic. 

This is when Pandemic shut down happened. 

This is not the time to invest, it is the time to research and have negotiations down for when the pandemic is over.If you are more of a developer there is affordable housing projects that makes sense to participate or build with a group as more people need affordable houses and regrettablely a high percentage will have to "downgrade"Vacant land is usually a good long term business.

Hence they already tell to reduce the rate possibly in September.In all fairness to the unpredictability argument, the Fed had data showing massive spikes of inflation in 2021 while also knowing that the US government had injected trillions of dollars of stimulus into the economy during the pandemic but decided to pass it off as "transitory" due to "supply chain shocks" (not wrong, but wildly overblown). 

Prior to the pandemic d.s.c. was 1.0 since the pandemic it is 1.2 or greater.

During the pandemic, businesses closed, and land and buildings were unused.

So short of a pandemic wiping out a chunk of our local population or something else of that magnitude, there is not really much that can change these circumstances driving supply and demand.And without changing the circumstances, the results will be the same.

Over the last ten years, inflation has been about 3%, and I can't find appreciation numbers for Peoria that allow for a one-to-one comparison, but homes seem to have appreciated about 50% since the pandemic while holding basically steady for a few years before.10 years is not long term.