Home values will correct about -30-40% but there's a large number of upper middle class people stuck renting who will absorb a lot of that inventory with home purchases.
It'll hurt the smaller real estate rental property people who bought when the market was up and need high rents to cover all their mortagages but they'll be able to sell into the wave and recover enoughcapital to spring back when the prices stabalize again.
Home values will correct about -30-40% but there's a large number of upper middle class people stuck renting who will absorb a lot of that inventory with home purchases.
It'll hurt the smaller real estate rental property people who bought when the market was up and need high rents to cover all their mortagages but they'll be able to sell into the wave and recover enoughcapital to spring back when the prices stabalize again.