The housing market..
First time buyer here (London, but interested to hear US opinions as also semi-relevant..). With all of the volatility in the markets, inflation and the impending rate rises, what are monkey's opinions on house prices in the short to medium term? I can't get past the idea that we are due a big correction in the next year or so. I'm looking to stretch myself and buy somewhere I can see myself living for a while, but concerned that it's the top of the market. From another perspective, I'm conscious that as rates rise it's becoming more expensive to borrow and waiting could end up costing an extra 100bps+ interest. Grateful for any thoughts..