from Wealth Wire:
Perceptions are guided by recent events. History is easily forgotten and our hardwiring makes us prone to trend following. The housing boom that started in 2012 is still the story today. In 2012 I noticed on various forums that new housing related shows were on the uptick. The headlines were largely positive.
It is hard to see how the pace of appreciation can continue without a similar underlying real growth in household wages or a continued flood of investor money. Yet in markets were investors dominate, local families are outbid by global money and big funds. What makes up a healthy housing market? Today we’ll examine seven charts and try to put this current housing market into a longer-term perspective.
Normal housing market