Housing Market Slowdown

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Originally Posted by Biggd

I think we are seeing investors pulling back from the market. They have been jumping into market over the past few years because of high rental rates and quick price appreciation.
Now that it's slowing down, it should get back to a more normal market. Unfortunately, that means future prices will reflect this correction.

I agree about investors. I was ready to buy vacation/investments a couple of years ago and backed off. Now I see those places for sale witrh price drops. Many buyers thought they were buying a second home and they would pay for it with short term rental income. They didn't think of themselves as investors and probably many were too eager to buy. Now, or soon, real investores will be buyhing the dip. Making a down payment with a HELOC adds to the problem whem it means the second home/investment may be close to a 90% loan instead of the 70%+ that is common for invewstment real estate.