Value shot through the roof. They went straight up. Of course, people were able to finance at exceptionally cheap interest rates. So Housing values absolutely exploded. We went beyond the medium home price to household income than we were at the peak of the housing bubble. The unfortunate thing about that is, do you know what the average age. Well, you can see it. It's up there. Average age of a first time home buyer today, 40 years old. (34:48–35:00)
CLAIM
Asserts that housing values increased beyond the peak of the previous housing bubble.
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