Housing Continues It’s March to the Nose Bleed Seats

Case Shiller index was up 12% year-over-year in February. Housing prices are increasing at almost the pace of the housing bubble. The reason is simple: Low rates and no inventory.

The question is when does the equilibrium change? When we reopen completely? Economy slows? I’m guessing price gains will slow down soon as inventory starts to bottom and housing gets more unaffordable in the second half of the year.