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Real Estate
Reply to "Does anybody have a grip on the housing market?"
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[quote=Anonymous][quote=Anonymous]The scarcity of houses seems to be the reigning factor. Buyers are f*cked for the foreseeable future and the degree of rate increase required to push down prices in a market that thanks to years of low rates now has no inventory, would cause a recession. It’s Gina be higher rates for a longer time until they get to 2% inflation and I would not count in prices going down more than 10% from peak at the most. It will take minimum 2-3 years ti rebuild inventory from natural causes and new construction, probably 3-5. First time homebuyers will never ever catch up from this run-up in values. It is a generational divide.[/quote] This is the most spot-on analysis I've read yet.[/quote]
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