https://www.haver.com/articles/u-s-fhfa-house-price-growth-c...
Note the trend. Just as the Fed drains M2 with quantitative tightening, time is needed to drain inflated residential real estate equity, grounded in mortgage rates (priced off of treasuries) and what wages can support.
hehehehe not necessary. finding it interesting to see statement that real estate is local in nature alongside national trends. in some regions real estate will naturally go down due to myriad of reasons but on the whole the more populous regions will keep the real estate market afloat and thriving.
we can bookmark this and re-visit in a year/two/... but I'd put $1k into charity of your choice that we will 100% not see any significant price reductions or any significant housing issues in USA (this is gamble for me considering that our current leaders are generally clueless about everything and God only knows who will lead this country in the upcoming years :) ).