Reasons NOT to expect home prices to "crash" :
1. Historically, and in especially in light of current inflation 6% is NOT a high interest rate for a mortgage.
2. Some of the hottest real estate appreciation (mid-late 1980's, early 2000's) occurred when mortgage rates were much higher than present.
3. huge real estate appreciation has happened at the same time as stock market declined, e.g. after the Dot-Com bubble burst.
4. Residential rents are high and continue to climb.
5. Cost of new residential construction is high relative to resale prices.
6. High population growth and low amount of construction since "Sub. Prime Crisis"
7. Exodus from expensive urban areas, as already mentioned.
Last edited by night_owl; 09/23/22.
