Sure but average household income is about 100k, home prices 1 million or 10x that figure. Even with the low interest rates you can't qualify for mortgages much more than 5x your income, even if you wanted to, so it'd mean there's massive amounts of personal wealth (e.g. 500k per home average) flowing into the market, which I doubt is the case. Not sure what factor I'm missing but it doesn't all seem in line with eachother.
