Housing prices yet to adjust to reality of high interest rates
S&P/Case-Shiller U.S. National Home Price IndexFRED
Description
⋅ Housing prices yet to adjust to reality of high interest rates
- Housing prices can be sticky and take multi-years to adjust
- If the interest rates persist for few years, we can see the downward pressure for next few year
- Just to be clear this is a multi year cycle.