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wsj OP t1_j6ydvpb wrote

Reply to comment by wsj in We are real estate and housing economists Danielle Hale and George Ratiu and housing reporter Nicole Friedman, discussing affordability within the U.S. real estate market. Ask us anything! by wsj

Federal Reserve Chair Jerome Powell did call the recent housing market boom a bubble last year.

“You had housing prices going up at very unsustainable levels and overheating,” he said at a Nov. 30 event. “Now the housing market’s going to go through the other side of that and hopefully come out in a better place.”

-Nicole

edit: added gift links

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