The US homeownership rate increased to 64.4% in Q3 2018 after hitting the post-recession bottom in Q2 2016.
According to the Case-Shiller home price index, home prices are still growing at over 2x hourly earnings growth. And the growth rate is slowing.
And like the Cleveland Browns, Washington DC continues to lose in the home price derby, but at least DC is now tied with The Big Apple and Chicago for least place.
The fact that I have lived in DC, Chicago and New York is merely correlation, not causation. Like the McRib investment strategy.