The housing market continues to be interesting to me. As most people are aware, over the past couple of years the housing market has been scalding hot. At the peak of the boom towards the end of last year, house prices had increased by over 20% in the span of a year, which was the largest one-year spike in the U.S. on record.
It's so hard to predict what the market's going to do because we're still reeling from the pandemic's effects. The real estate spike was largely a function of pent-up demand following the economic shutdown and quarantine. The economy opened up, and the floodgates opened. We've been seesawing ever since.
It's so hard to predict what the market's going to do because we're still reeling from the pandemic's effects. The real estate spike was largely a function of pent-up demand following the economic shutdown and quarantine. The economy opened up, and the floodgates opened. We've been seesawing ever since.