This Chart Should Assuage Fears of a Housing Bubble

Bloomberg, Jan. 25, 2021–Peter Coy
American housing is often lumped in with Bitcoin and Tesla Inc. as a bubble market. True, prices have risen sharply. The median sales price of a previously owned single-family house in the U.S. reached $314,300 in December, up 93% in 11 years. But this chart shows that the force behind the price rise is a supply shortage, not a speculative frenzy. (MBA mention)