Jason Hartman analyzes the current real estate market, arguing that while affordability is at a 40-year low and sales volume has dropped, home prices remain resilient due to severe inventory shortages and low distress levels. He explains that the market is segmented, with affluent buyers driving price increases while entry-level housing remains underbuilt, and notes that existing homeowners with low-rate mortgages are reluctant to sell. Hartman also debunks fears of a crash driven by Airbnb delistings, emphasizing that widespread housing collapse requires millions of distressed sellers, whi…
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