“Extend and Pretend” forevermore?
The evidence keeps piling up.
More signs of a move from the cities to the suburbs? Supply of houses is tight; condos are piling up.
Sellers are suddenly coming out of the woodwork. Housing market is having a moment.
And this is just for the very beginning of the Pandemic’s impact on housing.
And this, after years of being unwaveringly bullish in its housing market predictions.
Rents in San Francisco are still crazy-overpriced.
No, it’s not yet a reflection of home prices during the Pandemic. Be patient. Reporters or spaghetti-code algos should have read the methodology before misleading their readers.
The market is facing a historic mess.
If the pandemic changed where Americans want to live – dense urban centers or suburbs – it will be one of the most far-reaching developments.