Housing

Existing home sales disappoint again in April

Reproduced from National Association of REALTORS; Note: Historical data set used through December 2018. April 2019 is preliminary.; Chart: Axios Visuals

Unbundling real estate

 Illustration of a house broken up into pieces
Illustration: Rebecca Zisser/Axios

There's a lot of risk in real estate. Just owning it, of course, is the main risk. It can work out well for people lucky enough to be able to put a small down payment on a house before it soars in value.

Why it matters: Real estate can also cause a global financial crisis, should millions of Americans find themselves underwater on their mortgages.