I wonder if we'll see something similar in the housing market Right now perfect storm in HCOL areas eg - Cheap money from banks - not uncommon to see $2m+ loa

I wonder if we'll see something similar in the housing market Right now perfect storm in HCOL areas eg - Cheap money from banks - not uncommon to see $2m+ loans to tech salaries - Low inventory - people aren't moving, especially older people, with pandemic uncertainty - Record increase in savings + equities values increasing - Huge increased cost in rennovation materials / building materials limiting new supply What's impetus for that to normalize?