Reply to Federal Reserve: signs abound that housing market is entering bubble territory

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why are people forgetting that there is a housing shortage, especially for single family homes. Construction of new hosing has not picked up. Rent prices in some places are almost as high as mortgages. People still have kids and need more space.

Home prices will not go down. But they will not grow at the same rate as they have the past few years. We’re likely to see a steady growth over a ten year period. By that time there will be more single family housing available. Things will balance out. [/quote]

1) the “surge” isn’t close to the peak of 2005. 
[img]https://i.ibb.co/92CGRyb/DB3-E46-D6-05-CA-43-E6-8-EA0-383-B1-ED7-C27-B.jpg[/img]

2) and the supply is still trailing demand. 
https://www.npr.org/2022/03/29/1089174630/housing-shortage-new-home-construction-supply-chain

The market will soften. If you have an undesirable property it might sit longer or take a small price hit. But overall homes in desirable areas will stagnate at most.

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Facts (again) for the obsessed poster. 
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