This property bubble and un-affordability can continue for a very long time.
The US is heading in the direction of other countries, which suffer from socialist central-planning, large debt burdens, government policies that limit housing supply, inflation, lower-standard of living for working-class, etc... - where buying a home involves generations contributing to payments and bubbles are kept going for decades
I’m thinking of places like China, Japan, or even now Canada.
Even thought there countless YouTube videos claiming that the real estate market is topping out/cratering/coming off. So, you better subscribe to their service/AP.
The fact is that there are just not enough houses being built in most places in the country. Especially, in the upper midwest and the northeast. There is virtually no inventory in many metro markets.
The only thing that MAY be beginning to be overbuilt is apartment complexes. They built the crap out of them for the last 6-7 years.