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John Burns says it comes down to dollars and sense, with too much needed for homeownership.
He doesn't discount the future but thinks that right now the connection to real estate is too unreal.
Interest rates help displace demand, so prices fall.
Strong demand, lack of space, and inflation hedge desires likely to keep prices high.
Technology, meet practice and information.
The numbers could mean that retail, which had been recovering, is about to see a slide of consumer spending.
It's another 40-year high and no signs yet that price hikes will cool off.
Cash management is a capability often honored in the breach rather than the practice.
Like all of business, nothing is certain, but some pros are eyeing the conditions and readying themselves for an unwelcome surprise.
If so, it could be good news for the office market.