02-28-2023, 06:57 PM
Housing prices are way up in my neighborhood. 30% increase in market price within the past 5 years. Still, it's a sellers market and people are getting into bidding wars that push the prices up well past asking price. The house prices are pushing the rental rates up and competition is high. It's hard for younger people to break into the market without buying foreclosures. I have no real knowledge of how this market will shift in the future but I don't know what could push prices back down again.