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Reply to "I think the bubble is popping."
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[quote=Anonymous]market may stabilize with some cooling off in overheated places, but we are looking at the impact of longer term housing shortage and increased wealth in many areas, meaning we are not in same place as 2008. inflation is rising, fed will not immediately raise rates (probably taper bond purchases) but that could eventually put some downward pressure on prices and demand. the spring 21 bubble may "pop" and people who bought in 21 may not profit by selling in 23 (unlike those who bought in 19 and sold in 21) but most economic indicators do not point to a massive crash. [/quote]
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