Since the pandemic began in the spring of 2020, we’ve witnessed an unparalleled explosion of price growth in all forms of housing. Until the peak in June 2022, single family home prices rose 45%. But prospective home owners weren’t the only ones biting their nails. Rents also rose over 15%, peaking in late 2022.
The culprit behind this price shock is fundamental: low supply and high demand. Today we examine the origins of these conditions and whether or not it’s a good time to buy.
Continue reading “The Great Transition of the US Housing Market”