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Housing Market Is Heating Up, if Not Yet Bubbling (Sep. 2013)

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HOME prices have been rising rapidly, so much so that there is talk that we are entering another national bubble.

In fact, according to the S.& P./Case-Shiller Composite-10 Home Price Index, which Karl Case of Wellesley College and I developed, home prices in the United States were up 18.4 percent in real, inflation-corrected terms in the 16 months that ended in July. During the housing bubble that preceded the 2008 financial crisis, the largest 16-month increase wasn’t much bigger: 22.7 percent, for the period ended in July 2004.

See more at http://www.nytimes.com/2013/09/29/business/housing-market-is-heating-up-if-not-yet-bubbling.html?pagewanted=all&_r=3&