Couple this with the uncertainty of peoples job status and its a recipe for inventory shortage. 

There is a toilet paper shortage but please remember that wipes, rags, and paper towels are NOT flushable.Things are changing quickly.

Typically will buy units for low-income tenants and try to get into areas with a housing shortage.

Number three there is a housing shortage for rentals!

It's an expensive town to live in, with a shortage of LTR's, so they are eager to decrease STR's and increase LTR's.Mayor Jablow recognizes the importance of STR's for a higher quality vacation for tourists, but he and the local administration want to limit this, once there is a AZ law that allows them to do so.One of the best "nuggets"/"gems" was to hear him say to us that upon a AZ law getting passed that does indeed restrict the number/percentage of STR's, those that already have a permitted STR in Sedona will be grandfathered in.

If interest stays the same or dips you will get a pickup in value due to a shortage of houses.  

I thought it was a joke, offering me a 2008 price with an inventory shortage.

Between that and the labor shortage, I assume building a home in 2022 is going to cost more than it likely will in 2023. 

Considering the housing shortage and home-buying prices that are out of reach for many moving to or already living in the area.I see how it would make sense for a developer building a subdivision to hold on to their property, not sure what pros one new build would have as compared to a remodeled home. 

With the work from anywhere trend gaining in importance, there are more and more people looking for long-term rentals and there are places where there is a shortage of them.