The same report notes than nearly eight million homes were lost to foreclosure after the 2008 housing bubble burst, while household incomes have fallen back to 1995 levels. (sparkrental.mysmartmove.com)
This isn't the first time that economists are warning of housing bubbles forming around the world. (cnbc.com)
Last year the ability of the average Canadian to own a home was at its lowest point since the last housing bubble in 1990. (moneysense.ca)