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Publication Date: July 2005
Publisher: Center for Economic and Policy Research
Author(s): Dean Baker
Research Area: Social conditions
Keywords: Rents; Home equity; House Price Index (HPI)
Type: Report
Coverage: United States
Abstract:
This paper explains the basic facts about the current housing market. It lays out the evidence that the rise in housing prices constitutes a housing bubble — and explains what can be expected when it inevitably collapses.