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 ratio of total required mortgage service payments to total disposable income has plummeted to 3.97
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