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Ben Carlson, director of institutional asset management at Ritholtz Wealth Management, observes that housing prices increased by approximately 50 percent over a few years without leading to a bubble or crash as many had predicted.
He questions why another housing bubble did not occur, inviting further discussion on the underlying factors.
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Carlson has previously noted that the top 10 stocks in the S&P 500 now account for approximately 40% of the index, each with a market capitalization exceeding $1 trillion here. In another analysis, he suggested that advances in AI could increase S&P 500 EPS growth by 2% annually but also pose a 10% chance of existential risk to humanity here. His recent observations on housing continue a pattern of examining structural developments in major asset markets.