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Experts see little risk of the housing market’s boom turning into a bubble. But that doesn’t mean there’s no reason to worry.
Housing has served as one of the rare economic hot spots during the coronavirus pandemic. Tumbling mortgage rates boosted demand, which quickly spurred rampant homebuying. The spree quickly snapped up most of the country’s available supply, and the record-breaking inventory drought led owners to demand higher and higher prices.
The intensity of the market boom — and data tracking it — prompt countless comparisons to the mid-2000s and its own housing bonanza. details ⇒
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