The rest of the country is simply experiencing a market correction from a rapid increase over the last 5 years combined with some sloppy loan practices that hurt the lending industry . The United States overall had a -1.71 % change over the last year ( skewed down heavily by the 4 troubled States ) . However , even with the challenges over the last year , the United States STILL has had a 34.84 % increase in home prices over the last 5 years !
Question: Why might have the housing price increased so much in the last 5 years ?
The answer to the above question:


Because the supply of the housing has not increased along with the demand .