Where is the housing market headed?

The times are certainly unprecedented: low interest rates, rising home prices, and all the uncertainty swirling around the economy as the country eases out of the pandemic into – what?

Many are beginning to foresee high inflation, rising interest rates as the rich get richer and many middle-income families are taking on too much debt. Will millennials ever be able to afford a home?

Many are concerned that the current housing boom is being driven by speculation; investors convincing homebuyers that they can afford the houses they are buying at exorbitant prices.