The housing market's heyday is long gone
It is part of the American dream to own a home, but according to one commentator, America will never return to the booming housing days that preceded the Great Recession. Per the Real Estate Economy Watch:
Thought leaders ranging from President Obama to Bill Dudley, the president of the Federal Reserve Bank of New York, have pinned the nation’s economic progress on the housing recovery, but the fact is that “we will not be returning to the boom years that preceded the Great Recession. The days when housing was the predominant force driving economic activity are gone, and I view that as a good thing,” said Amir Sufi, professor of finance at the Booth School of Business at the University of Chicago.