Part 2/8:
The reality of the current housing environment paints a sobering picture, characterized by stagnated sales volumes. Rachelle posits that the bustling days of selling over six million homes a year are firmly behind us, and the new normal appears to be a period of lower activity that we will likely experience for an extended duration. He emphasizes that waiting for interest rates to drop as a catalyst for reinvigorating the market could prove to be a fool’s errand, suggesting that both potential sellers and buyers need to adapt to this changed landscape.