The Daily Chart: Housing Bubble 2.0?

Right now the unaffordability of housing has become a national issue, and not just one for the two coasts. The fundamental reason for this is the spread of coastal-style over-regulation of housing to the interior states of “flyover country,” which had for decades mostly resisted the over-regulation of housing. Rising interest rates have something to do with this too. In any case, maybe another housing crash is in the works?

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