Guess Liz didn’t get the memo about house prices. Pretty soon nobody in the middle class will be able to qualify for a mortgage.
I get updates from Zillo.com on a house I sold 2 years ago in Arizona (I've since retired to Florida) and the sales value has shot through the roof. I bought it for $90,000 in 1985 and sold it for #223,000 two years ago. It's just sold again for $445,000. Hot market in Tempe, AZ.
Not many folks can afford new or even used houses nowadays at those prices.