Comments by "J Garcia" (@jorge1170xyz) on "The Great Resignation 50% of Realtors Lost Job | Global Meltdown" video.
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To be honest, some parts are still pretty hot and now that mortgage rates are getting slammed down by the SVB debacle, (dumb) buyers are probably going to be supporting the market for a little while longer. But what Rick Helps and his friend (who I call the Skipper) never talk about is what's going on in the Phoenix exurbs. Builders are really piling up homes in Goodyear, Buckeye, Maricopa etc, and as a result prices are slowly but surely coming down week after week. At some point, those places will become so cheap that people in Phoenix proper will pull the trigger and just deal with the commute. So that will eventually depress values in the main city as well. Just give it a few more months. Rick seems to be a nice guy, you can tell he is torn between wanting to cheerlead for his profession and also wanting to be honest, and further, understanding that the market has no choice but to adjust if new entrants are ever going to get a chance though the door (people think I am one, but I am not, I am more concerned about my little sister and my nephew).
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