Wall Street thinks US homes are overvalued by as much as 30+%

[Anonymous]

My house went up 60%-70% since 2020, so yes, 30% over value sounds reasonable, probably more than that. I bought my house for 800k in September 2020, and now it's worth about 1.3/1.4m with no upgrades. I would expect 5% gains per year in normal times, so after 5 years that would be about 1m. Rates have also gotten so high, I do not have any idea how two normal working people with UMC jobs, kids, daycare, no family money etc. can afford anywhere half decent.