> I guess what I'm asking is, is it a bubble? In most places it is not a bubble: * https://awealthofcommonsense.com/2021/04/why-this-is-not-another-housing-bu

> I guess what I'm asking is, is it a bubble? In most places it is not a bubble: * https://awealthofcommonsense.com/2021/04/why-this-is-not-another-housing-bubble/ https://awealthofcommonsense.com/2021/04/why-this-is-not-ano... Millennials are now the largest demographic and are in the start-family / buy-house phase of life: the oldest ones are 40. Low interest rates (to help with economic recovery) make borrowing cheap so there's extra money sloshing around on the demand side of things. Inflation-adjusted monthly mortgage payments are lowest they've ever been since 1989: * https://awealthofcommonsense.com/2021/03/what-if-housing-prices-arent-as-high-as-they-appear/ https://awealthofcommonsense.com/2021/03/what-if-housing-pri... The pandemic has more people scrambling for more square footage. Perfect storm. Rising prices are mostly a detriment when saving for a downpayment.