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Real Estate
Reply to "Housing Bubble 2? I guess we missed the 2008 bottom?"
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[quote=Anonymous]I think inventory is impossibly tight because people can't afford to move out of the houses they're in now. Makes sense that the price for any available houses is really high (demand is high, supply is low). I don't think interest rates going up will affect prices in this area, because it will not solve the demand/supply issue: if rates go up, even fewer people will be able to move up to a new house, so inventory will be even lower. That will mean high prices for the tiny inventory that's moving.[/quote]
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