The housing market continues its upward slope. In many parts of the country, homes have appreciated over 50% in the last five years. It's only now that economists are predicting only about a 4% increase next year. I think the Fed is also doing some things ( i.e. slowly increasing interest rates ) to help minimize the possibility of a housing bubble. Hopefully, we won't hear a pop, but only a gradual return to more realistic growth figures. A housing bubble burst would have a significant impact on the entire country, not just certain regions.
What $300,000 will buy today
What $650,000 will buy today
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