Visualizing Economics presents a graphic history of housing prices in the U.S. since 1890. Apparently real estate folks tend to get fooled by inflation. Note the housing price bubble in 2000-2010 in real terms. According to this we're just getting back towards normal but not quite there yet. Real vs Nominal Housing Prices: United States … Continue reading Do House Prices Always Go Up? Real vs Nominal Housing Prices: United States 1890-2010
Bubbles! From Calculated Risk: via Bubbles!.