That's not to say history will repeat itself, but as days go by everyone's got a heightened sense about money and more so since covid.

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Firstly, there's the heightened risk of property damage due to increased wear and tear. 

These are all codewords for delayed cashflow, heightened management burden early-on, and potential significant repairs.  

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This heightened competition can drive home prices up, potentially offsetting any savings gained from lower rates.Let me know if youd like me to crunch some numbers

However, expect greater transparency and heightened consumer awareness that has come out of media attention and NAR settlement to impact the listing component of seller agency as well.

I will definitely be placing heightened emphasis on running my numbers accurately and realistically.

Even if construction is elevated back to pre-recession levels (and that's a big if); it will take several years of heightened construction to balance out the supply/demand imbalance.  

Just do your homework and call around.The legal and ethical requirements in selling your own property (whether you are listing it or not) are extremely heightened and everyone will hold you to an incredibly high level; that goes for flips or rentals.