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What do you guys think will happen to correct the current state of the market?

I know nobody certainly knows but what is your best guess on what would need to happen to correct home prices being disproportionately high compared to household income and interest rates being high as well? I live in Boston and there aren’t many options for buyers at the moment either. Plus people locked in their old rates are less willing to sell. I see it hard for home prices to go down with this situation but I mean something has to give right? Or else home prices will keep going up, interest rates stay high and salaries not yet high enough? Recession maybe?

submitted by /u/Deep_Woodpecker_2688
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source https://www.reddit.com/r/RealEstate/comments/17znmbq/what_do_you_guys_think_will_happen_to_correct_the/
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