Real estate prices have remained fairly stable over the years, with only a significant drop during the 2008 mortgage crisis.
The current real estate market challenges stem from a systemic issue of supply and demand imbalance.
The increasing number of Millennials entering the real estate market drives demand and impacts housing prices.
Factors like local market conditions, tax deductions, population changes, and economic health influence real estate market performance.
Encouraging more building and simplifying regulations can lead to a more balanced and healthier real estate market.
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