The shift into the buyer's market is real, and happening now. Homes that would have had 30 offers in January of 2021 now have a handful; soon it will be one buyer. If you are thinking of moving, call/text me: 213-842-7625.
What will NOT happen is significant prices declines in major markets like Los Angeles. Unlike 2008, no one appears to HAVE to sell - owners are locked into low interest rates and prices are still high, so anyone waiting out the market shouldn't hold their breath. Plus, in our experience, no one wants to buy at the bottom.
