«According to the National Association of REALTORS ®, supply is at its lowest level since 1999, a factor that should support
higher house prices regardless of the oscillations of the mortgage rate.»
Regardless, there are many catalysts: a tight labor market, wage growth picking up, a stock market at or near record
highs,
housing values rising quickly,
high commercial real estate
prices, low cap rates and narrow credit spreads.