5 years ago, housing was over-valued, due to the "housing bubble". Since then, the housing market has "corrected", and now housing prices reflect reasoned reality. How can Pres. Obama be blamed, for a housing bubble, years before he took office?
If you want to impugn some policies (e.g. arguably ineffective "Fiscal Stimulus", in the form of huge government deficits), then arguable facts & numbers should not be mixed, with blame-game "griping" about the aftermath of 2008. Should Pres. Obama create another housing bubble, to inflate home prices?? (Did Democrats secretly sabotage the US economy, helping generate the housing bubble in 2006, to undermine Republicans, and get a Democrat elected in 2008, or something??)
A house is worth what someone is willing to pay for it. So there is no over valuing or undervaluing.
Umm interest rates and no collateral, etc loans have a bit to do with housing prices.
Umm, you're right but so what?