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Probably need a 3rd time series that takes interest rates into account to provide a monthly-cost view. Given sufficient savings, the price range for home shopp
by steveBK123 5y ago
Probably need a 3rd time series that takes interest rates into account to provide a monthly-cost view.
Given sufficient savings, the price range for home shoppers is controlled by the monthly outlay which is driven by interest rates.
Sub-3% interest rates in 2021 means that the same monthly cost drives the headline house price a lot higher than 6%+ pre-2008.