Barry Sternlicht: No One Wants to Sell Any Real Estate

The video discusses the real estate market trends from the late 80s and 07/08, highlighting the formation of funds to buy distressed assets. It then shifts to the current market conditions, where transaction volumes have dropped due to expectations of lower future interest rates. The housing market is experiencing a unique situation with reduced supply as homeowners hold onto properties due to locked-in mortgage rates. The potential for increased supply when rates decrease is also considered, suggesting possible market stagnation before eventual growth.

What might happen to the housing market when mortgage rates come down?

What is the expected long-term trend for the housing market according to the text?