Even with the recent decline in home prices, America is still in the largest housing bubble ever

Reminder: even with the recent decline in Home Prices, America is still in the largest Housing Bubble Ever.

40% Decline in Real Prices needed to get back to long-term trend.

Prices today are STILL higher than previous peak in 2006 Bubble.

More pain is coming.📉 pic.twitter.com/mPqI1Odb3X

— Nick Gerli (@nickgerli1) November 14, 2022