It took three years and a day from Moshe Kahlon's swearing in as Israel’s finance minister to his finally being able to breathe easily. The latter occurred on May 15, when the Central Bureau of Statistics (CBS) reported the first drop in housing prices in a decade.
According to the data, there has been a steady decline in housing prices over the past year, totaling 0.1%. This is hardly a revolution — the cost of apartments in Israel remains high — but it could be cause for optimism as far as many young couples are concerned.