Notably, Finbold recently reported that data for March 2022 showed the median price of existing-home sales surged over 30% in just two years. Now, founder and CEO of Compound Capital Advisors, Charlie Bilello illustrated the point on Twitter on April 26: After continuing to acquire mortgage bonds and keep interest rates at 0% for more than two years, the Federal Reserve was ultimately responsible for creating the second housing bubble in the last two decades, according to Bilello.
House prices more than double in the last 10 years
Whatsmore, Bilello highlighted that the housing boom is still going strong, with house prices in the United States reaching a record high for the 37th month in a row. During the last year, prices have climbed by 20% and they have more than doubled during the last ten years. He added: It’s also worth mentioning that the U.S. is not the only country seeing an enormous increase in house prices. Last week Finbold reported that data from the Spanish real estate market shows that interest in the sector has increased 400% since November 2021. Notably, the housing market has emerged as a safe haven for investors facing macroeconomic instability, inflation, and price rises aggravated by Russia’s ongoing invasion of Ukraine.
