PST - Housing Market Forecasts A Strong Economy At Least Through 2021 Once Pandemic Is Under Control

• The housing market historically proceeds in a fixed order: interest rates lead sales, which in turn lead prices, which in turn lead inventory.
• Interest rates have persistently declined for the past 18+ months to all-time lows, which led to a sharp increase in sales by the end of 2019.
• After sales, price increases then began to accelerate after the early 2020 lockdowns.
• Inventory has not yet turned up, but should turn shortly.
• The explosive sales growth in housing foretells a strong economy throughout 2021, as soon as the pandemic is brought under control.

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