Here’s Shiller being his normal conservative self, saying that we will see a lot more underwater homeowners defaulting, and those foreclosures leading to additional inventory of unsold homes. But did say that his futures index is expecting a 3% annual price increase nationally for each of the next four years:
Klinge Realty Group
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New post (Frenzy Season, 2022) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2021/10/26/frenzy-season-2022/
House prices rose 19.8% Y/Y in August- same as the previous month & the first time the Y/Y gain hasn’t increased since early 2020. House price growth will likely slow as rising rates cut into affordability, but don't expect price declines b/c the supply-demand imbalance persists.