How can house prices go down when there's 4x as much money (M1) [1], 30% more broad money (M2) [2], and debt service is 25% cheaper [3]? This is /before/ any a

How can house prices go down when there's 4x as much money (M1) [1], 30% more broad money (M2) [2], and debt service is 25% cheaper [3]? This is /before/ any additional stimulus (monetized by the Fed). Additionally, the personal savings rate is also at an all time high [4] - and net worth of individuals has increased by >$12Tr (>50% of US GDP). In one year... [1] https://fred.stlouisfed.org/series/M1 https://fred.stlouisfed.org/series/M1 [2] https://fred.stlouisfed.org/series/M2 https://fred.stlouisfed.org/series/M2 [3] https://fred.stlouisfed.org/series/MORTGAGE30US https://fred.stlouisfed.org/series/MORTGAGE30US [4] https://fred.stlouisfed.org/series/PSAVERT https://fred.stlouisfed.org/series/PSAVERT