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Reply to "Federal Reserve: signs abound that housing market is entering bubble territory"
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[quote=Anonymous][quote=Anonymous]From 2018: “ The housing market has generally recovered. Prices across the U.S., which fell 33 percent during the recession, have rebounded and are now up more than 50 percent since hitting the bottom, according to CoreLogic, a global property analytics site. Still, some markets in Arizona, Florida, Illinois and Nevada have yet to reach their pre-recession levels.” It depends on the local market and how overvalued the individual asset was at the peak. People who are paying 40% overvalue now could take more than a decade to recover, even without an overall housing crash. https://www.washingtonpost.com/news/business/wp/2018/10/04/feature/10-years-later-how-the-housing-market-has-changed-since-the-crash/[/quote] [i]"About one-third of all mortgages in 2006 were low or no-documentation loans or subprime loans, says Nothaft."[/i] Wow - I didn't realize it was such a high %. No wonder we had issues. [/quote]
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