It can only go up until it gets to the point where people cannot afford to rent. Counterproductive.

Maybe in a few months. Prices are currently dropping a bit.

Yes, it will. Housing stock is low because the COVID stuff last summer halted a lot of construction, and supplies of new homes are low. And older homes – people aren’t selling because they don’t want to move and take the risk of being sick.

Disclaimers – not all parts of the country are seeing the same demand.

@elbanditoroso Construction never halted where I live nor in Nashville where I need to buy a house eventually. My husband works for a building materials company and in March they thought the market might crumble, and instead they are way above projections.

My sister said NYC is softening, which doesn’t surprise me. I think it’s one of the few places.

It will certainly go up. But this is the wrong way of looking at it. Don’t view it as real estate going up. It’s more accurately about YOUR money going down. Your money is always going to buy less. Depend on It being ithe one insidious fact that we are all prone to both ignore and under appreciate when we are aware of it.

Ease your quantitative brow, there will be a minor correction to the property and equity markets if rates rise above zero but if rates go negative for a few years then I’d wouldn’t stock up on toilet paper from a monetary and fiscal policy perspective.

Yes because we are not making any more land. Unless you count volcanos and the moon.

Housing prices always fluctuate over time. In areal depression, they will go down. You can’t always depend on a house being a good investment because prices are market and locale dependent but the general trend is upward.

@JLeslie I think it will continue to go up in Florida for quite some time as we continue to have people flock here in droves. The growth in this state is astounding.