Anything above 50 is considered positive sentiment.The index had plummeted to 37 last May, as the pandemic lockdown hit and the housing market shut down.

My comment about balloons and pom-poms was directed at them.Again, I believe that you are already off the cliff now, in an extended cartoon-like moment before you realize how far you're about to plummet.

If you're an agent, you can isolate on the MLS towns, neighborhoods and zip codes and see for yourself the skyrocketing numbers for appreciation and median sales price, and the plummeting numbers of inventory and days on market.

Fannie/Freddie and HUD will not buy loans with Environmental Hazards because Environmental problems are a far greater source of loss to lenders than fire or title risks because when the property becomes hazardous, its value plummets and if the borrower defaults, the lender could be responsible for costly clean-up fees, third party damages, or legal fees from town violations.

It's horrific and a major reason why the Chinese birthrate is still plummeting despite the 3-child policy. 

When the economy tanks again causing my stock portfolio to plummet, like it always does very 8-12 years, then I’ll be glad I grabbed these rentals in C+ class hoods that will always be in high demand good times and bad.

Combine the lower-than-normal supply of homes because of the pandemic and the dramatically low interest rates, you have buyers feverishly competing for the limited supply of homes in the market which has driven prices up and made things even less affordable for the average buyer.I think the primary reason there is a nationwide shortage of housing is due to the fact many homebuilders went out of business because of the Great Recession and demand plummeted for housing, leading to less building.The homeownership rate fell from 67.1% at the start of the decade to a post-recession low of 62.9% during the second quarter of 2016.

Once that happens the value will plummet.

And when money is cheap and a lot of average Joes are jumping in the same asset class -- cap rates plummet.

The dollar is plummeting... so RE is worth "more" because you need more Washington's to buy the same item today than you did yesterday.