The housing market is unique in that interest rates did absolutely nothing to housing prices. But it was entirely expected. When you couple low supply with peop

The housing market is unique in that interest rates did absolutely nothing to housing prices. But it was entirely expected. When you couple low supply with people who have 2-3% interest rates, you create an absolutely massive shortage on the supply side. Why would a current home owner EVER sell their house right now? Not only are the prices outrageous, but you’ll be paying 7% interest. Even if you have to sell, you’re better off renting and picketing the difference. It’s madness.