Reply to Mortgage rates are set to stay elevated

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Reply to "Mortgage rates are set to stay elevated"

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[quote=Anonymous][quote=Anonymous]house prices are were they are supposed to be, we fast forwarded prices by about 10 years by printing so much money, this is the new normal. We can't simply take the money out of the economy to bring prices down.

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Nationally and in quite a few areas (Phoenix, Dallas, Austin, Vegas, Miami, etc) the prices rose significantly (and extremely fast) between 2020 and 2023 (like up to 100%) which is ridiculous but yeah appreciation was fast forwarded.

That being said, certain other markets were not that bad. For example, the Dmv area (I have mainly looked at DC and Arlington) the appreciation did not seem that extreme (something like 20%) which is actually I line with inflation (so you could argue in real terms, there was not much appreciation I'm Dmv). But of course would appreciate other people's views on this who know the data and methodology better for Dmv. I am basing my argument Fred all transaction price index. For example for 2019 the index is 271 while for 2022 it is 311 (2023 not out yet). Based on that, in that time span my calculation says around 15% appreciation in Arlington. [/quote]

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