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Realtor.com®: Housing boom is officially back

Posted by   /  November 14, 2017  /  No Comments

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RealtorMag

Housing prices have returned to the “boom levels” of a decade ago, but this time around, the fast appreciation is being fueled by strong supply-and-demand dynamics rather than predatory lending practices, investor speculation, and too much construction, according to new realtor.com® data released Monday.

“As we compare today’s market dynamics to those of a decade ago, it’s important to remember rising prices didn’t cause the housing crash,” says realtor.com® Chief Economist Danielle Hale. “It was rising prices stoked by subprime and low-documentation mortgages, as well as people looking for short-term gains—versus today’s truer market vitality—that created the environment for the crash.”

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  • Published: 4 days ago on November 14, 2017
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  • Last Modified: November 14, 2017 @ 8:36 am
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