With new-home sales moving to historic highs last year, many ask how long the U.S. housing market will continue its present run. The answer: for quite some time unless mortgage rates or economic conditions change significantly.
Our demand model shows that home-buying activity should increase about 1 percent per year over the remainder of the decade.
Our model simply assumes that:
everyone gets 1 year older each year, immigration trends stay constant, home prices rise at the same rate as incomes, more...