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What Housing Bubble?

Posted by: Chris Steins
Thanks to: Chris Steins
11 July 2005 - 5:00am

Yes, housing prices are sky-high, but there's no evidence of a housing bubble about to burst, writes MSN Money columnist Jim Jubak.

"Oh, I'll grant you that housing prices are high. They're at nosebleed levels in some areas of the country, and still they keep climbing... It's just that, for all the teeth-gnashing and pundit-moralizing, we really don't have a housing bubble that's anywhere near bursting. Current 10-year interest rates are just too low. And I certainly don't see interest rates rising enough in the next year or so to burst a bubble, either."

Full Story: Why there is no housing bubble
Source: MSN, June 10, 2005
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The areas where we have severe blight and indications of more blight to come are basically the same as they ever were. How in the world are we ever going to move our community development selves into an alternative future that thinks differently about the challenges we face in our cities and low-income suburban and rural communities?
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