What Housing Bubble?

Yes, housing prices are sky-high, but there's no evidence of a housing bubble about to burst, writes MSN Money columnist Jim Jubak.
July 11, 2005, 5am PDT | Chris Steins | @urbaninsight
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"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."

Thanks to Chris Steins

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Published on Friday, June 10, 2005 in MSN
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