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→History of the United States housing market
According to Investopedia: "For the majority of U.S. history—or at least as far back as reliable information goes—housing prices have increased only slightly more than the level of inflation in the economy. Only during the period between 1990 and 2006, known as the Great Moderation, did housing returns exceed those of the stock market."<ref>[https://www.investopedia.com/ask/answers/052015/which-has-performed-better-historically-stock-market-or-real-estate.asp Has Real Estate or the Stock Market Performed Better Historically?]</ref>
According to Investopedia: "For the majority of U.S. history—or at least as far back as reliable information goes—housing prices have increased only slightly more than the level of inflation in the economy. Only during the period between 1990 and 2006, known as the Great Moderation, did housing returns exceed those of the stock market."<ref>[https://www.investopedia.com/ask/answers/052015/which-has-performed-better-historically-stock-market-or-real-estate.asp Has Real Estate or the Stock Market Performed Better Historically?]</ref>
[[File:Historical chart of USA house prices.png|thumbnail|1200px|center|Historical chart of USA house prices]]
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=== Crash of 2008===
=== Crash of 2008===
{{See also| Crash of 2008}}
{{See also| Crash of 2008}}