RE:RE:RE:Why all banks are in RED like thisEven if the housing market crashes 20%, collectively it would still be up 30% after the 50% increase in prices it saw in the last two years. " Cooling off"as they say is what's desired right now, rightfully so though because the rate of increase was insane. Record low rates for too long were to blame.
But that being said low supply, high demand, increased immigration will all play their part in keeping prices elevated above pre-pandemic levels. Renting will become a bigger norm in the country unfortnately, and as usual, the boomers and those already in the market win.