Currently on Podcast 009 in ascending order.

And with that so doe rent's ascend, etc.. because as cost per unit goes up, so do rent's. 

Buffalo perhaps in NY and Baltimore might be one example.Here the latest from Marcus and Millichap (multi family) for 2017.National Multifamily Index (NMI) Several markets with favorable supply-and-demand balances and momentum in hiring made large moves to ascend to the top spots in the 2017 National Multifamily Index (NMI).Los Angeles advanced 11 places in the Index from one year ago to take the highest position in 2017 behind a forecast for further tightening in vacancy and minimal supply growth.

Other than those 2 blips, housing prices have been purely ascending. 

For real estate to "fail" people would need to either (a)no longer need shelter (b)God keeps making more land as Real Estates finite supply locks it's ascending value per unit (c) people stop having children making descending population year over year, generation over generation, consistently Fact is land and real estate is finite, and there is continuously more people, that means need is always ascending.

Then we started to spill over ourselves as we got some of the same problems that drove people out of the earlier cool cities, and you ended up with the rapid ascendance of Denver, Austin, etc.