Home Prices Are Now Higher Than The Peak Of The 2000s Housing Bubble. What Gives?
Even before the pandemic pushed the U.S. housing market into overdrive, the price of the average American home was on a rocket ride, climbing more than 50% between 2012 and 2019. It was the third biggest housing boom in American history. Then came the pandemic, marked by a buying frenzy and a selling freeze, which created a supply-demand mismatch that made the price boom go into warp speed. The average price of American homes, in real terms, is now the highest it’s ever been — even higher than the peak of the housing bubble in 2006 before it crashed 60% and bottomed out in 2012.
Muppets from Sesame Workshop help explain opioid addiction to young children
Tevis Simon grew up in West Baltimore back in the 1980s, a neighborhood that lacked attention from the city and investment from the government. From day to day, she was never sure what version of her mother she’d encounter. “I knew that if my mom had her drugs, that she was fun, mommy. And if she didn’t, then she was mean mommy,” Simon says.