Home Prices Boom 10 Years After Housing Crisis
New report reveals surprising data as prices return to bubble levels
SANTA CLARA, Calif., Nov. 13, 2017 /PRNewswire/ -- Home prices have returned to the boom levels of a decade ago -- which foreshadowed the bursting of the real estate "bubble" and the onset of The Great Recession -- but today's housing market is starkly different, according to data released today from realtor.com?, a leading online real estate destination. Backed by tighter lending standards and more solid economic fundamentals, current price appreciation is being driven by strong supply-and-demand dynamics with no signs of boom era flipping or over-construction.
On the surface, today's housing market looks suspiciously similar to the pre-recession years with rising home prices and feverish buyer demand. However, a deeper analytical assessment reveals .....READ MORE