[Alberta's Child]

Mortgage applications are at near record lows because the middle class cannot buy but full cash buyers from hedge funds like Bezos and Blackrock continue.

I would suggest that mortgage applications are near record lows because anyone who was planning to sell their home or relocate in the next five years decided to do it in the last 18 months.

[BBB333]

“I would suggest that mortgage applications are near record lows because anyone who was planning to sell their home or relocate in the next five years decided to do it in the last 18 months.”

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I agree 100%

Additionally folks who have lots of money will still build/buy additional homes.

There are three new homes that I can see from my house — one is literally across the street (ATS) — that have been in the building process for almost two years.

The smallest home appears to be 8,000 sq. ft. (ATS) and the other two are in the 15,000+ range with barns.

I’m pretty sure these are cash builds...

[Georgia Girl 2]

Not in Atlanta. We have a serious lack of inventory. Houses sell fast.