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Home prices can't keep going up like they have in the past few years without the central bank continuing to give out easy money, and this is clear.
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In a note to clients on Tuesday, a well-known economist warned that demand from cash-strapped buyers is causing US home prices to be on the verge of a big drop.
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Home prices in the United States rose to a median price of $375,000 in March, the hottest housing market in 15 years.
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Growth management policies raise home prices, hinder urbanization, and may even worsen the 'sprawl' they aim to prevent.
Home prices can't keep going up like they have in the past few years without the central bank continuing to give out easy money, and this is clear.
