Rates will eventually settle at ~5%+ after its confirmed inflation is brought down, and then remain there. 40% may not happen but we will be back to 2019 pricing in most markets in 2023, and then back to tracking 2-6% inflationary gains. That correction is guaranteed. I'm watching my market closely and it's collapsing. 40% gains is an aggregate, not every market in the US hit that, and not all will drop that much. It could happen on the coasts, we'll see soon enough.

After the next financial crisis