(Apartments are also getting hard to sell.)When the crash happens in places like New York, the fundamentals elsewhere won't matter that much, because the correction in the favored markets will spook the lenders - who are and always have been predisposed to be wary of smaller markets, where they have now followed the investors because that's where investors have gone.  

Inflation is sitting around 8.3%:Mortgage rates are the highest they’ve been in well over a decade, with a 30-year fixed sitting around 5.25% for prime borrowers:The median single-family home in Austin is now selling in the $650k range, roughly 42% higher then the 2020 median:As the Federal Reserve takes action to combat inflation, the pandemic bull run in US equity markets stumbled significantly, with the S&P 500 currently down 17-18% on the year:Russia’s invasion of Ukraine continues to create geopolitical uncertainty:Against this backdrop, the April 2022 market report from the Austin Board of Realtors shows a strong sellers market that is mostly holding steady from an inventory and sales volume perspective.

Army base are transferring jobs to Ukraine.  

And I'll admit it, I'm a little spooked. 

I think the macro-economic environment has buyers spooked.

Another thing... when this economy turns downward, you can get hurt quick and hard (if you don't buy right)  because of the 2nd home buyers that will get spooked and the tourism industry will slow. 

While I feel confidently that Clayton is a stand-up guy and i guarantee he is 100% correct on geo-political issues of today from his Redacted channel, that our Fake News lies about ad naseam on a daily basis (IE - COVID frankenshot, Ukraine, etc.) but that doesn't help me with real-estate investments.  

Add to the credit downgrades of USA, federal govt spending money like drunken sailors in Ukraine and also at home.

Now the HOA lawyer has the board spooked as they term it a liability issue to have common space within my condo.

Case in point, Airbnb-backed short-term rental operator Zeus Living is reportedly shutting down (an AirBnB backed venture).Bottom LineWith so much happening in the world today, from Ukraine-Putin, to Israel-Hamas, to volatile energy, bond, mortgage, stock prices… there is a lot to be aware of.