Yes, and AOL bought Time Warner. There are more houses that need to be sold, but the system just can’t handle them. When I go for runs, I see several vacant houses with dead lawns and weeds in the driveway.
If you want to see what the market is like in a neighborhood, buy a pair of running shoes and use them. You will quickly see what is happening in a neighborhood. I can tell which houses are coming onto the market a few months before the for sell sign is up. And I can tell you, there are several houses waiting for signs over all my running routes.