Despite the decreasing volumes, prices remain at or near record-high levels âHistory doesnât repeat itself, but it often rhymesâ is a pithy saying attributed to Mark Twain and seems to apply to the regional housing market over the past several years. According to many economic pundits, when the Federal Reserve of the United States raised interest rates faster in 2022-23 than any time in the past 40 years to combat douÂble-digit inflation, there was a belief that it would crater real estate prices. While real estate prices did stop rising at their former breakneck speed, they have not declined in any meaningful way across the United States. So the question is, will the housing prices pop like they did in the Valley in 2008 and…
