My opinion is people aren't selling cause they wouldn't be approved to even get the loan they have now at todays rates. So people are holding on for dear life in the hope repayments go down. But if they don't, the dam will break and there is likely to be a flood of listings come.
Just my opinion, I talk to a lot of real estate agents in my role as a sign provider, but I cant help but feel it won't get worse until all of a sudden overnight it gets horrendous.
