LogFAQs > #967376723

NAHB index is down, MBA index is down.

I think it's fairly easy for us to feel the pulse of the real estate market because we and our friends are the generation that is now going to buy houses. As long as we keep talking about it and get a sense of what our generation thinks we can be ahead of the game. Right now alot of my friends are simply waiting for the right time. It's just a matter of time until people get impatient.

My guess is this downturn will only last a year because demand is so high. A true recession is what can potentially keep people waiting longer.

I think in about a year time people will realize mortgage interest rates aren't coming down any time soon, certainly not to 2021 levels.

1 year is what I'm giving myself to save as much money as I can then going to parents for help for a loan from my dad for a down payment. But I'm continually monitoring and reassessing my plans.