It's a complex game.
Interest rates are still a bit high. The best rates require a high credit score.
Since prices are still up, down payments are higher, requiring more cash on hand.
The interested buyers already grabbed theirs during the last few years and the pool of buyers may be reduced. This is a normal cycle.
Since many people put their houses on the market as prices rose, there may be less people willing to sell for a while. This reduces choice; again a normal cycle.
The change in federal government has put many people in doom & gloom mode and there is certainly enough change going on to make people cautious about a large purchase.
Plus a lot of the issues already mentioned.
Each potential seller and buyer has their own reasons for acting or not acting.
Fun to talk about and speculate, almost impossible to conclude anything.
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