Home is where the heart is—but most of America’s household wealth lives there too.
Housing is the biggest asset many of us will ever invest in, and COVID-19 and its related policy decisions caused mass disruption. As mortgage rates plummeted to record lows, refinancing exploded and home values surged. When rates then rebounded to multi-decade highs, housing inventory evaporated. Many of the big storylines in residential real estate today and tomorrow, however, are actually rooted in the global financial crisis (GFC), translating into diverse investment implications