It started in Feb after Ukraine invasion and russia oil embargo by the western country.

Guys from Belarus, Ukraine, El Salvador, Ireland, Mexico etc.Materials in pickup trucks, igloo coolers for lunch, Porta potty for facilities.

Short version: Do you get spooked when you come across a seemingly good deal that's still available on the MLS after several months?

Like many people we’ve been a spooked by inverted yield curve, price of RE and the probability of a recession so have been sitting on our hands.

They seem to operate a bit like the stock market... they can get spooked by world events and need time to settle back into certain products that to us seem "normal".I went to another bank we use and where they hold one of our mortgages and they said, "We have the product, we just aren't writing it right now"... which leads me to believe it's a pretty standard pullback given the concerns over how the corona virus will impact any particular market segment.  

The market is HOT some parts of the country are worse than others.What it will take is an engine to push it over, confidence in the current systems of borrowing /buying property will get pressed.If /when it happens some parts will suffer more than others like a allude to earlier.Could be constant release of bad news that erodes confidence and folks spook causing a shift  a run to the exit.Consumer confidence is an economic indicator that measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation.

But there’s a lot of other areas that would work.Avondale and Ukraine village are great areas but prices tend to be higher than some of these up and coming areas that I’ve mentioned.2.

I’m sure before this is all done we will have a  6-10 percent drop day that will spook the fed. 

But it understandably has people spooked in the area. 

And please don't blame this on Ukraine, gas had been rising well before the war.