Aesius
Well-Known Member
- Joined
- Nov 28, 2009
- Messages
- 29,366
- Likes
- 63,704
As other prices continue to rise...people will be more apt to sit on equity vs signing up for higher interest rates on more expensive homes. Cars are already high because supply is low. Fuel is..well..you know. Inflation is going in the wrong direction.
All signs point to the booming housing market flattening out...if all of the above swings back the other way relatively quickly that would change the outlook.
But I'm not sure that happens
People staying put means housing prices will continue rising if anything because it means incredibly low inventory and more competition for what does hit the market. Millennials want to buy homes. The oldest of Gen Z is nearly home buying age. With rent rising so quickly people would rather lock-in mortgage payments even if it means overextending themselves now.
