Nir Kaissar at Bloomberg included the graph below to demonstrate that over time, except for a brief
period during the housing bubble of the early 2000s, houses on a national basis have generated low positive real returns.
Not exact matches
As local population patterns look more like the pre-
bubble period, with accelerating growth in the suburbs and the Sunbelt, it becomes clearer that some of the population shifts
during the
housing bubble and bust were temporary and reflected the extreme
housing cycle.
This of course hasn't gone unnoticed by John Taylor, who has written a number of papers over the last year showing empirically that the Federal Reserve's interest rate policy
during this
period was an important catalyst of the
housing bubble and therefore influential in the current problems the economy is experiencing.