Part 10/13:
The real estate outlook warns of a potential housing bubble. Current median home prices in the U.S. hover well above the historical bubble peak of about six times median household income—now approaching 7.5 times. With low inventory, longstanding low mortgage rates, and resilient vaccination of the economy, a crash isn’t guaranteed, but the risk looms. The “Hindenburg Omen” and overbought conditions in stock markets suggest caution for late summer.