Real home prices in the US are currently almost 10% MORE expensive than they were in 2008.

In fact, real home prices are now 80% ABOVE the 130-year historical average, according to Reventure.
This means that even on an inflation adjusted basis, home prices have never been more expensive.
Meanwhile, housing supply is 40% below the historical average.
All while mortgage demand is at its lowest since 1994 and the median homebuyer now has a $3000/mo payment.
Truly historic times.