I've been a bull on US residential housing for a long time. But with 30 year mortgages over 4% I am starting to lose my conviction. There is still a lack of new supply to meet demand, imo which means that listed players should all do well longer term but shorter term Im less convinced.
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Low supply, high demand, is still driving the market; but I don't think these prices are sustainable, especially with interest rates rising. I think we continue to have a healthy 2022 as people who haven't, try to lock in the lower rates, but I believe demand will slow towards the end of '22 and into 2023. I'm staying away from housing for now.