People still remember how much their houses were worth in 2006 and will keep seeking those prices until they either get them or are forces to settle for less due to retirement or other life milestones that represent significant financial change. So houses have gone a long way toward recapturing 2006-7 highs. Now most people are settled, institutional investors have been a major part of the market and interest rates are in question. The Fed will raise interest rates when they financially benefit the institutions and people with the most money. So after these recent couple of years of housing prices going up, things will settle and people will look to get big money in some safe investments where interest rates determine the gain and look elsewhere for high gain investments. The gaming of the mortgage industry has worked so well, though, I suspect people keep trying to game it and look for other areas where people borrow a lot of money, like student loans.
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https://www.spice-indices.com/idpfiles/spice-assets/resources/public/documents/97929_cshomeprice-release-0624.pdf?force_download=true
People still remember how much their houses were worth in 2006 and will keep seeking those prices until they either get them or are forces to settle for less due to retirement or other life milestones that represent significant financial change. So houses have gone a long way toward recapturing 2006-7 highs. Now most people are settled, institutional investors have been a major part of the market and interest rates are in question. The Fed will raise interest rates when they financially benefit the institutions and people with the most money. So after these recent couple of years of housing prices going up, things will settle and people will look to get big money in some safe investments where interest rates determine the gain and look elsewhere for high gain investments. The gaming of the mortgage industry has worked so well, though, I suspect people keep trying to game it and look for other areas where people borrow a lot of money, like student loans.
#housing