.” — Lawrence Yun, NAR’s Chief Economist“The return of sellers to the market appeared stronger than that of buyers, continuing to lift the pool of active inventory and ease competitive pressure slightly over September.

A big chunk of the housing shortage goes back to the Crash of '07 / '08 when, according to the economists of the day, 80% of builders and developers went bankrupt once the supply of new mortgage lending dried up.A good solution - though not the only one, certainly - would be to get home building back on track.

“Basically, the hurricane destroys part of the housing stock,” said Yanjun Liao, an economist...

but the economic data keeps coming in and pointing toward an aggressive slowdown and probable Recession. 1) Today the BLS data showed Unemployment Rate now at 4.1% from 3.4% last year, which for first time has broken The Sahm Rule (FED economist Claudia Sahm), who developed a simple shorthand rule years ago that whenever unemployment rises by 0.5% over the 3month avg low within the last 12 months then >95% chance of an impending recession.

Population growth >1.5% (based on https://www.nar.realtor/blogs/economists-outlook/the-nations-most-popular-and-fastest-growing-metropolitan-areas-in-2023?

Actually, I was at the unfortunately named "Best Ever Conference" in Salt Lake 2 weeks ago that Joe Fairless (Ashcroft) helped start and all the talk from some very highly placed economists and analysts was that the regulated lenders and banks were the focus.

Economists note that job growth in typically underreported industries fell by 42,000 compared to the 6-month average, suggesting August’s numbers may understate actual gains.Key Employment GainsConstruction: +34,000 jobs, driven by heavy civil engineering and nonresidential trade contractors.Healthcare: +31,000 jobs, though slower than the past year's monthly average of 60,000.Social Assistance: +13,000 jobs, with more modest growth compared to previous months.Other growing sectors include financial activities, wholesale trade, and government (+24,000 jobs).Job Losses and Sector StrugglesManufacturing: -24,000 jobs.Retail: -11,100 jobs.Temporary help employment continues to shrink, reflecting business uncertainty.Wage and Fed Policy ImplicationsWages rose by 0.4% in August, up 3.8% year-over-year, supporting a cautious approach by the Federal Reserve on deeper rate cuts.

Not even economists can predict inflation well, especially more than say 2-3 years in the future. 

But new data is saying something very, very different.Taylor Marr, Senior Housing Economist at Airbnb, chatted about how Airbnbs affect the economy, affordability, and housing supply. https://www.biggerpockets.com/blog/real-estate-1008

In previous crashes, the market out performed class a whereas now, it is initially out performing A, but many economists are for casting a quick recovery for A while B and C take a few years to rebound fully. i think new buyers have to require a higher going in cap to protect themselves.