U.S. Housing Boom Slowing

The Economist's house-price indices suggest that the U.S. housing boom may be slowing down even as housing markets in some other nations are growing.

1 minute read

March 11, 2003, 11:00 AM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

"America's boom is already slowing: the average price of a home rose by 7% in the year to December, compared with an 11% gain during 2001...Mr Greenspan acknowledges that there are local hot-spots, but rejects the notion of a national housing bubble, arguing that high transaction costs discourage the buying and selling frenzy seen in financial-market bubbles...He also sees little sign of an over-supply of new homes, which could later cause prices to plummet."

Thanks to Abhijeet Chavan

FULL STORY: Betting the house

Thursday, March 6, 2003 in The Economist

Housing United States

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