What’s the Bear Case For Housing Prices?

The housing market wasn’t supposed to remain this strong. People were forecasting for a 20% drop in housing prices in 2022. It made sense at the time. Everyone was predicting a recession. Prices had shot up 50% in three years. The Fed was jacking up interest rates. Mortgage rates went vertical. And all we got was a wimpy 2-3% dip in prices. I cannot predict the future but it’s hard to come up with a bearish th...