Economic Environment: Housing Bubbles - No National Bubble, Some Regions Vulnerable
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Economic Environment: Housing Bubbles - No National Bubble, Some Regions Vulnerable
- Twenty-three percent of all home sales in 2004 were for investments (not owner occupied).
- Today, U.S. interest rates depend as much on the global economy as national conditions.
- If interest rates remain low, house prices will continue to appreciate until they surpass "ability to pay" by prospective buyers.
2005 November