I for one have noticed that prices have stopped falling. Maybe soon that $400,000 home that was atleast $100,000 overpriced will be fairly priced due to inflation.
Where have you noticed that Kin? Is it anecdotal? Because none of the data out recently has suggested a bottoming out.
I'm not aware of any previous period to now that's seen such rampant inflation/asset appreciation with low interest rates. Hence those low rates, a falling dollar and high stock prices have helped keep real estate firm. Think about it. The newer communities where working class folks who're trying to become asset holders is where the bottom has fallen out. Conversely established "good" areas are thriving because the residents there are asset holders. Being paid an hourly wage in depreciating dollars equals bad. Peeling off a few shares of XOM or GOOG equals good.
surely house prices are a large component of inflation, in a sense they are sort of part of the same thing , so no , in the long term inflation will not slow house prices , higher interest rates will slow both , because in a sense both are the almost the same thing( house price inflation , and inflation) , the clue is in the word "inflation"!!!
Yes. Jacksonville Florida. I am also in Chicago but have not paid attention to prices here in awhile.
....inflation....no prob.... the Germans were forced (or chose to) to issue 10 billion Mark notes..... so I guess a tank of gas costs Adolf about 30 trillion Marks