Despite the sudden drop of real estate prices, experts still believe that the housing market will continue to be strong.
The said institute also reported that the new house price index showed signs of possible increases coming in at a rapid pace.
Data shows that while the housing bubble continues to grow, birth rates continue to fall, with a decline of 13 percent between 2010 and 2016.
When real estate prices become all too high, home buyers can no longer afford them generating real estate bubbles in the market.
Fundamental trends driving commercial real estate have been trending down since 1981, and more so since 2000, and won’t turn up again until around 2023. Even...