Home Prices Are Not Sustainable
In this article by Diana Olick, like many others, the run up on home prices will be coming to an end. Like many other analysts, home pricing continues to increase and how long can it last. We have interest rates rising and construction costs rising which are also driving up pricing. From my personal POV, working in the commercial multifamily sector, rental rates are flattening; construction costs increasing and loans more expensive. What this equates to is a potential slow down in multifamily construction. We have had a run up of apartments being built and I see the multifamily sector slowing down. What are your thoughts? Do you think we will continue to see housing remain strong? Leave your comments below.