The future changes in lending criteria are uncertain. However, as of July 2021, the Federal Reserve has publicized a commitment to maintaining low interest rates. Due to unprecedented government spending in reaction to the COVID-19 stay-at-home orders in 2020, and resulting steep climb in unemployment, consumer buying power is anticipated to deteriorate – albeit to an unknown extent. The economic effects of such intervention are not expected to be realized until government involvement in the market subsides.
Many economists believe the rapidly expanding Fed balance sheet will result in an inflation spike. Periods of inflation generally translate into an increased desire for tangible assets as an investment alternative. The interaction of these forces as well as the future supply and demand for competitive properties is difficult to project but will likely affect property values.
 Involvement includes investment in equity markets, forbearances, stimulus checks, enhanced unemployment benefits, among others