Home prices are in decline, and new home construction (SFH + MFH) is at an all time high (though dipped a bit recently). Rents are actually in deflation mode th

Home prices are in decline, and new home construction (SFH + MFH) is at an all time high (though dipped a bit recently). Rents are actually in deflation mode the past few months. If rates stay high, home prices will fall, absolutely. Unemployment will rise too. Agreed that congress can do more to help though. Incentives are poorly structured to promote housing affordability.