Many buyers have priced themselves out due to waiting

Many buyers have priced themselves out due to waiting. we have both a lock in effect from the low interest rates of years past and many people are priced out because they expected a drop during covid vs a boom which is what we had. Now lots of buyers are again banking on this fantasy of a crash. The major crash is a convenient fiction. Meaning they believe this because it serves the narrative they want to be real. However what a buyer wants to happen has nothing to do with the market behavior. I am not saying its right for everyone to buy, because that is DEFINITELY not the case. Many buyers are about to price themselves even further out of the market by waiting for possible interest rate drops. Understanding the market is going to look more frozen than anything , think about what inflation is doing. Remember inflation induced debt reduction is how wealth is built in real estate.