Stark new warning on home prices

_Is_Too_Damn_HighBy Jann Swanson | Mortgage News Daily

Two very different recent reports, one factual and one theoretical, recently address the same issue; are home prices too damn high? And if so, how will we know.

The theoretical discussion, part of Freddie Mac’s most recent Insights and Outlook report looks at different ways of assessing affordability and overvaluation. The actual may be a little more alarming.

Continued:

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