Has the US housing market gone insane?!

I live in South California, looking at Zillow I see houses/townhome/condo sold in 2015 for $450k and are now evaluated at $650k.

One of my brother in law bought a house in East Bay in 2002 for $650k and his house on Zillow now shows a value of $1.5m …hmm really?! Its not like the avg salary has tripled in 15 years.

What is your opinion in the present and future of the US housing market?

More real estate tips at Program Realty Wix site

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