Home prices have been zooming up over the past year in many of the
housing markets that saw the biggest declines. Recently, some pundits
have grown wary of the rally, arguing that it’s unsupported by
fundamentals and marks the beginning of another housing bubble.
Housing is recovering due to the extremely low supply of homes for
sale. Demand, meanwhile, is up amid strong appetite from investors and
from extremely favorable affordability conditions thanks to record-low
interest rates.
Read more: http://blogs.wsj.com/economics/2013/04/02/three-myths-about-housing-market-rebound/?mod=WSJ_latestheadlines
Read more: http://blogs.wsj.com/economics/2013/04/02/three-myths-about-housing-market-rebound/?mod=WSJ_latestheadlines
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