Comment by zpeti

Because interest rates have been artificially low since 2001. And then we got money printing too after 2008.

Housing prices have nothing to do with 2023 interest rates. Well they do, the fact that they are stalling/falling is very much to do with the higher interest rates.

You can't look at 20+ years of loose monetary policy, take the 1 year of high interest rates, and blame that on high asset prices.

Btw, have you looked at stocks and bonds in the last 1 year? PE ratios? They've collapsed. Because asset prices collapse with high interest rates, and stocks and bonds are much faster at responding than real estate.

But still, real estate prices have fallen in every major city bar one.