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When I went digging for reasons for both high prices and for whether to expect a large correction, I came up with this answer: New home construction failed, ove
by Zigurd 5y ago
When I went digging for reasons for both high prices and for whether to expect a large correction, I came up with this answer: New home construction failed, over at least the past decade, to keep up with population.
I, too would welcome a correction. One of my kids has not bought a house yet. It would be nice if they had an easier time doing so. Small corrections might happen regionally, based on regional shifts in population. But it is unlikely to happen nationally. I also do not have much hope that remote workers moving to low cost locations will make enough of a dent in demand in high prices areas.