Comment by clean_send

As a potential home buyer right now, it's less about prices drop but more about homes not going over asking. When you hit this situation you have to cover the difference. In some cases this could be $30-50k which depending on your downpayment could greatly reduce your buying power. During the pandemic with low interest rates would yield anywhere from 10-20 over asking offers on a home. Now days homes are generally selling close to asking and occasionally you can even get a home under. Yes the supply is lower but people will always ned to sell and it's nice having the buyer pool be smaller and less competitive.