I think it’s important to note that head economists from leading real estate entities might disagree 👍.

The bad news is, at its current pace, economists predict the number of houses on the market nationwide won’t reach normal levels for at least another 14 months.

The reason being is that we truly have no control over economic factors nor can we predict them accurately (economists will tell you differently).

And economists at Realtor.com expect a rebound in July, August, and September, as fears about the pandemic subside, and buyers return to the market with pent-up demand from a lost spring season.2But given safety concerns and the current economic climate, is it prudent to jump back into the real estate market?

@Kris ChenHere are a few:DsnewsScotsman guideCore logic NARAnd I follow a few real estate economists.

I know the news and mainstream economists say the American consumer has great balance sheets, but when I look at this chart, I see two spikes from stimulus checks and now we are back down to a personal savings around Jan of 2018.

I follow many well-respected economists and am convinced a recession is coming (or is here) and the questions are how long and how bad.

Of course realtors can be wrong, along with the people that we trust & follow to get the facts and relevant information from (financial writers, economists, etc) but it's a bit of a catch 22.

A recent article from Wells Fargo Economists show predict that the WSJ Prime rate will be at 7% by Q4 of 2022.

Short term and long term I have no rate crystal ball, but medium term (say 12-36 months, inside the window of where it would matter for a 7/6 or 10/6 ARM) adjustable rates will be adjusting downwards (& my crystal ball is just repeating what economists are saying about inflation, the only addition being that "rates follow inflation"). - Long term, no interest rate crystal balls, and also no point to plan more than a few years out IMO, "the first casualty of war is the plan."