The main question I’m getting from buyers and sellers alike is “when are prices going to come down?” Come on, y’all know this is nearly impossible to predict so my response is usually “why would it be good if home prices go down?” Most people just say because they could afford more, but a declining real estate market spells trouble in the overall macro economy. For example, prices go down when there’s a large negative economic factor like dramatically increased interest rates or a massive recession. Home prices may temporarily decline during these times and you may be lucky enough to buy in when prices are down, but it’s not great if prices keep going down. A modest seller’s market is actually better for buyers and sellers alike because while prices are increasing so is equity for all homeowners. Equity is the primary personal wealth driver in our economy so it’s better when this is moving in a positive direction.