Prices are lower compared with earnings than for two decades. People can afford to pay more, and do when they feel the market is on the mend.
That sets a trap. Stagnant prices may seem to help keep inflation under control. But the longer recovery is delayed, the more affordable property becomes.
Some rebound is inevitable. But the market is like a rubber ball; the harder it is pushed down, the higher it will bounce back.Reuse content