Add Axios as your preferred source to
see more of our stories on Google.
Illustration: Brendan Lynch/Axios
We need to talk about the housing market: It has been in a low-boil recession for four years now, with anemic sales and the appearance of high prices, somehow without tanking the overall economy.
Why it matters: Homeownership is the bedrock of the economy — it's how most Americans build wealth — and changes in the residential real estate market ripple out into things like consumer spending, the job market and inflation.
