Good point about the relative supply being stronger than it may seem based on high level stats. My thoughts for the coming couple of years is there will be some local markets that stay strong and will see minimal price declines, and others where we’ll see significant declines, but nowhere near the subprime mortgage crash …
Great article Daniel. I think housing will revert to long term price to median income ratios long term. If inflation and wage growth stay high maybe housing stays flat or declines only slightly. If we go into a bad recession I think prices will drop a lot.
Good point about the relative supply being stronger than it may seem based on high level stats. My thoughts for the coming couple of years is there will be some local markets that stay strong and will see minimal price declines, and others where we’ll see significant declines, but nowhere near the subprime mortgage crash …
Great article Daniel. I think housing will revert to long term price to median income ratios long term. If inflation and wage growth stay high maybe housing stays flat or declines only slightly. If we go into a bad recession I think prices will drop a lot.