Home Prices Increase 17.2%—Is the Housing Market in a Bubble?
Pro Builder
APRIL 26, 2021
Bubbles are driven by irrational behaviors driving up prices, yet the housing market’s price acceleration can be pinpointed to low inventory. Another way to look at this is through the lens of household finances. Debt as a percentage of personal income has dropped to 85.3% from a peak of 117.1% from the high of 7.21
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