The housing boom that didn’t happen – Axios
The real estate market should be experiencing a boom — but it’s not. In fact, the U.S. housing market has been stagnant for the last 3 years and is beginning to turn lower, data shows.
Why it matters: Anyone who bought residential property in the last 40 years, even at the height of a bubble, has been able to count on rising home values. But those days may be over: Real estate prices have far outpaced incomes and lost their correlation to them.