Would a ‘normal’ housing market be so terrible? – Daily News

Swiftly, real estate insiders have gone from bragging of a “new normal” boom for housing to cautiously saying what’s ahead is a more sedate “normal” market. Rents: The Consumer Price Index showed the pace of rent hikes nearly tripled to 3.4% in the past year. History says this is a normal level of price hikes for tenants, by this yardstick.

Which Homes Can You Afford?