I'm not an economist....but suspect it is a function of supply of units to rent vs. demand.  

I'm no economist, but if prices keep climbing, you stand to gain the most staying put. 

.- Named the best place to live in the world by The Economist based on 6 of its indexes. - #8 in safetyand the list goes on… ; )

How many economists do you know that have ever run a business?

I listened to an economist at a convention a couple of months ago that was asked about investing in precious metals.

It's the lens I'm familiar with, being that I'm not an economist and do not pretend to be. :)"It sounds like you're in residential lending so you know very few banks will keep long term fixed rate debt on their books.

Most economists are not predicting hockey stick spikes in interest rates.  

Suppose the banks raised interest rates by two points:Present Value =  630,000Payment = $ 3,900Future Value = 0Annual Rate =  6 %Periods = 360Ceteris paribus as the economists say, holding all other things equal,  a million dollar property will lose $ 170,000 in value.  

The reason, as noted by several economists, is the NAR's legal cartel with one of the largest Political Action Committees in the US.

I mean, beyond some economics (but I grew up with an economist).