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. Debt as a percentage of personal income has dropped to 85.3% The median price for an existing home reached $329,100, a 17.2% Housing stock remains at a record low with just 2.1
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