CNN BUSINESS | Housing demand is about to weaken. Here’s why

Who would have thought that when the pandemic struck last spring that single-family housing would go on such a stellar run? Not me. But housing has been on a tear. Home sales, homebuilding and especially house prices have surged.

Despite being overvalued, there is no sign the housing market is in a bubble. (A bubble develops when there is speculation, or when buyers purchase homes with the sole intent of selling quickly for a profit, which isn’t happening today.) But stress lines are beginning to appear, and the housing market is set to cool off.  —read more—