Not an economist but I'd be surprised if the current trend of declining home prices does not continue for several quarters especially with the Fed continuing to raise rates.
As for limiting bulk purchases, I do not see this in the future. Too disruptive to market forces.
ProfBU OP t1_izxpgf4 wrote
Reply to comment by defnotasysadmin in I’m Cornelius Hurley, academic, lawyer, 14-year director of a Federal Home Loan Bank. Ask me anything about the FHLBs. by ProfBU
Question to ask more: How many years am I going to own the home.
Question to ask less: None...ask as many questions as you can.