Despite a reduction in the M2 money supply, home prices remain high, with a predicted lag of 6 to 18 months for the full impact to be felt, implying a potential future decline.
"right now though if we look at this m2 money supply you'll see that this liquidity and all of this money has been taken out of the system this is where we are now and yet home prices are still all the way up here they haven't had the time to catch up yet but it typically takes anywhere between 6 to 18 months for the full effect to be felt"