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AD
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2014 Feb 1, 1:02pm
AD
@
2014 Feb 1, 1:02pm
A lot of the housing boom is being driven by investors especially those with cash. I think the boom continues as long as housing is not overvalued to the point that the average price to income ratios stay within the 3 to 4.5 range, and monthly rent is less than 40% of median household income.
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I have heard several people on this forum and on housing blogs claim that big gains in the stock market have somewhat fueled increases in housing (especially in the higher priced markets). Although I do not know this to be true, but if it were, does anyone feel that recent plunge and perhaps greater future drops in the stock markets would bring down housing prices? Thanks for your opinions/thoughts.
#housing