There are indicators showing it's not purely inflation. Home price to income ratio is one. That's higher than 2007 levels. Home prices have also shown a much higher increase than many consumer goods. So in my humble opinion, it's due for a correction, and the higher mortgage rates combined with the effects of lay offs will be the catalysts.

Interest rate changes are said to have delayed effects. They take time to impact the market, but they do work eventually.

There are indicators showing it's not purely inflation. Home price to income ratio is one. That's higher than 2007 levels. Home prices have also shown a much higher increase than many consumer goods. So in my humble opinion, it's due for a correction, and the higher mortgage rates combined with the effects of lay offs will be the catalysts.

Interest rate changes are said to have delayed effects They take time to impact the market, but they do work eventually.

There are indicators showing it's not purely inflation. Home price to income ratio is one. Home prices have also shown a much higher increase than many consumer goods. So in my humble opinion, it's due for a correction, and the higher mortgage rates combined with the effects of lay offs will be the catalysts.

Interest rate changes are said to have delayed effects They take time to impact the market, but they do work eventually.