1. Prices started going up when prospective homebuyers were already a particularly small generation who also had fewer children - they adjusted family size to t

1. Prices started going up when prospective homebuyers were already a particularly small generation who also had fewer children - they adjusted family size to their living space demand as it's not like they could suddenly afford more spacious housing. 2. The trend for the past 20+ years has been to move out of cities, with the urbanization rate actually decreasing over that period, as urban real estate was never really affordable. Yet, prices, especially in cities, went up.