See Nobel prize winner and associate  quote....Gunner Myrdal, an architect of Sweden’s welfare state who was given the Nobel Prize in economics as the left-wing balance to his co-winner FA Hayek:  Myrdal stated, “Rent control has in certain Western countries constituted, maybe, the worst example of poor planning by governments lacking courage and vision.”3 His fellow Swedish economist (and socialist) Assar Lindbeck asserted, “In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing.”Seattle is a prime example.

So the pundants saying rates will drop significantly and home prices will skyrocket - I am not an economist but I just do not see it.

A little up, little flat, little more down, repeat…Economist Mark Zandi agrees, “[The Fed’s] got everything they need to start cutting rates…It’s just a question of precisely when.”Why Hasn’t the Fed Cut Rates?

"Stocks have returned, on average, about 8% to 12% per year while real estate has generated returns of 2% to 4% per year," says Peter Earle, an economist at the American Institute for Economic Research.

Economists call this Stagflation.

I read an article from the NYT that had "economists" estimated the total commissions paid industry-wide would drop 20-50%.

Divided Opinions: Academic economists polled by the Financial Times believe the Fed will likely maintain high interest rates for longer than anticipated, potentially hindering rate cuts this year.

This was part of the “most significant homes sales crash ever, and still, in 2024, homes sales are trending at all-time lows,” says economist Logan Mohtashami.

Economists are starting to publicly call for the Fed to cut rates, seeing that the Fed is putting at risk the resiliency of the economy.

.-- "The demand for entry-level single-family homes should remain high for the rest of the decade,” economists at Fannie Mae noted in a recent analysis.-- This demand collides with the under-building of new homes that happened after the 2007-2008 recession.So ... unfortunately, if you're sitting on the sidelines waiting for prices to come down, you're gonna have to wait awhile.