I think real estate inflation may be hitting its peak.

[Vinca]

9. I've been watching real estate listings in our area over the recent past watching to see if anything

might come along we would be interested in downsizing to that didn't cost a small fortune. Needless to say, we're still in our giant house which we could have sold at the peak of the bubble for big bucks. Anyhow, suddenly more listings are appearing and they aren't being scooped up overnight. Prices have yet to come down, but if properties start to linger on the market they no doubt will. There are a whole lot of cash buyers in our market since Covid began. I assume it's well off people coming from the cities to rural New England and it seems if you're in an area with high speed Internet - our town - they pay a premium for properties, cash on the barrelhead. Locals can't compete with them since sellers are more inclined to take the loot rather than wait for mortgage approval for another buyer. Maybe it's starting to change.