The Fed is allowing builders to sell off their inventory.
Unfortunately, more people will be ‘underwater’ when the house price boom busts.
“Unfortunately, more people will be ‘underwater’ when the house price boom busts.”
How come no one pays attention to supply and demand anymore? I see a soft landing eventually for housing prices, no major crash anytime soon. I wouldn’t mind a crash, I’ve sold a lot of real estate over the last 3 years and would like to pick up some bargains, especially rural land. Real estate crashes are where I’ve made the bulk of my net worth, just finished cashing in on the 2008 bust/boom.
The next dowturn will be pipsqueak compared to the last one. Demographics and supply/demand rules, demographics is another thing few pay attention to. But we developer/speculators do.