There’s always something to howl about.

2023 Housing Bubble or 2024 Real Estate Boom?

Zillow “creates” digital home valuations and The Fed “creates” digital currency so it’s not like we are dealing with credible institutions BUT:

The Dallas Fed is worried that housing is overvalued.

Our evidence points to abnormal U.S. housing market behavior for the first time since the boom of the early 2000s. Reasons for concern are clear in certain economic indicators—the price-to-rent ratio, in particular, and the price-to-income ratio—which show signs that 2021 house prices appear increasingly out of step with fundamentals.

Zillow predicts continued housing price appreciation

No, and in fact, the expectation of another crash could contribute to keeping homes so unaffordable. Builders have been firing on all cylinders, and with more homes under construction than any time since 1973, they understandably feel exposed in the event of a housing downturn. If they trim their construction plans out of caution, we will miss out on one of the best hopes we have for net new inventory on the market, and the inventory crunch that’s helped push prices up will persist for longer than expected.

Pick your poison but keep these two things in mind:  The Fed created this housing “boom” and Zillow executives aren’t practicing what its economists are preaching