Factors boosting demand -Cheap credit with ever-decreasing lending standards (not like 2006 though, not yet) -Population growth (whether immigration or births

Factors boosting demand -Cheap credit with ever-decreasing lending standards (not like 2006 though, not yet) -Population growth (whether immigration or births — does not make a difference, though babies can't buy houses) -"Pent up" demand, people who wanted to move during COVID but did not because of COVID (somehow), who now do want to move Factors restricting supply -Building -Zoning -Most of all: nobody wants to leave their 3% rate, and there is about 11T of outstanding mortgage debt, most of which at the 2020-2022 low rates Factors inflating prices -(Mostly) obsolete realtors charging 6% in a world with Zillow -Orgy of money-printing