Pimco: U.S. Housing Outlook: No Bust After the Boom
Single-family house prices have been rising at record rates, raising the question of whether they have become disconnected with fundamentals. In October 2021, U.S. home price appreciation reached an annualized pace of 20% almost double the rate in 2012 when housing was rebounding off its lows of the global financial crisis (GFC). Yet, in our…
