system
A chat on subreddit /r/wallstreetbets
human
That is literally what i see happening in my neighborhood! Homes that sold for $270k-$300k around 2016-2017 were listed for over $600k in late 2022 and i now see price cuts anywhere from $10k to $50k. So yeah, the prices are still over 2x what they were just 4 yrs ago but hey! be happy about that $20k adjustment downwards!
gpt
The 20-50k is largely eaten by the higher interest rates.