Derek Thompson talks with Brookings fellow Howard Wial about the think tank's new Metro Monitor:

Housing is not overpriced in most large metro areas, if it ever was. You look at the bubbles in California and Florida and in the northeast, and you think the housing bust is shared nationwide. But in the middle of the country, housing prices grew in line with employment, wages and interest rates. That's one big reason why the Midwest is doing relatively well.

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