Home Prices Expected to Keep Rising Gradually Despite High Rates

Home prices predicted to continue rising slowly despite high interest rates. Major declines would require job losses or home listing surge.

Current housing shortage, especially in West, means dramatic shock needed to boost supply significantly.

Low foreclosures and strong job market as Fed grapples with inflation. Housing market subject to supply/demand like any sector.

2004-2009 Supply grew starting 2005, prices turned negative by 2007. Prices recovered when supply dropped. Low inventory now could explain price resilience.

Subprime mortgage crisis also fueled mid-2000s crash. Today, few of same issues present, but affordability remains a concern.