Housing prices will be spiking higher due to limited construction.

[Gaylord_Focker]

Originally Posted by gt87

Same here. I bought my house about 4-1/2 years ago when I was 30 and since then the value has gone up over $65k. And where I live in Western NY housing is actually pretty affordable. I can't even imagine what it is like for people around my age and younger in other larger more expensive metro areas.

Would've literally been half price if I bought maybe 5 years ago? Crazy.

[Pavlov's Dog]

Originally Posted by Rockinmoz

It's the price of materials, the price of fuel, and the fact that nobody wants to work. This is what happens when the Federal Government is all encompassing. But hey, if you're selling a house, and not needing to buy one, you're good to go.

The price of materials and fuel is happening all over the world. You can blame the first on the pandemic, labor shortage, supply chain disruptions and high corporate margins. Fuel price increases can be blamed on Putin, increased industry margins and increased demand.

If you want the federal government to address the issues then encouaging immigration will help with the labor shortage and increasing interest rates should cut demand.