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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHome price jump is more rebound than bubble
The rapid run-up in housing prices the past year has ignited talk of another housing "bubble," but only a few markets are at risk so far, experts say.
U.S. home prices rose 10.9% in the 12 months ending in March for their largest annual gain in seven years, according to the latest Standard & Poor's Case-Shiller index released Tuesday.
Even with that rise, home prices are about 28% off their 2006 peaks, Case-Shiller says.
http://www.usatoday.com/story/money/business/2013/05/28/home-prices-climbing-but-not-in-bubble-territory/2366953/
U.S. home prices rose 10.9% in the 12 months ending in March for their largest annual gain in seven years, according to the latest Standard & Poor's Case-Shiller index released Tuesday.
Even with that rise, home prices are about 28% off their 2006 peaks, Case-Shiller says.
http://www.usatoday.com/story/money/business/2013/05/28/home-prices-climbing-but-not-in-bubble-territory/2366953/
Good news for the housing market. I hope this trend holds; the economy could sure use it about now.
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Home price jump is more rebound than bubble (Original Post)
SlimJimmy
May 2013
OP
When my wife and I were married, we retained her property and rented it out. We set the rent just
SlimJimmy
May 2013
#5
I'm really hoping that isn't the case. I'd love to see the trend continue with more
SlimJimmy
May 2013
#3
DJ13
(23,671 posts)1. Much of the price increase is due to investors, not home buyers
That will also mean a rising price for rent in the future.
SlimJimmy
(3,180 posts)5. When my wife and I were married, we retained her property and rented it out. We set the rent just
above what it costs us for the mortgage, taxes, and insurance. We're happy, and so are our tenants. I would *hope* that these investment buyers would take the same approach and just look to get a small profit from each rental. Maybe some wishful thinking on my part.
Safetykitten
(5,162 posts)2. All. Bubble. Investors.
SlimJimmy
(3,180 posts)3. I'm really hoping that isn't the case. I'd love to see the trend continue with more
first time buyers entering the market.
DCBob
(24,689 posts)4. Its still too expensive and too difficult for many first time buyers.
especially in urban areas with obscenely high prices.
SlimJimmy
(3,180 posts)6. I guess. We live in the southeast where home prices have plunged and are just now starting
to climb back. I would say that many homes in my area are priced to sell for those first time buyers. As you said, though, that may not be true for those in more urban areas
WCGreen
(45,558 posts)7. Our house, according to Zillow, at about the same amount as it was right
before the crash.
SlimJimmy
(3,180 posts)8. We're up about 2%, but I had the house built in '97, so the bubble really didn't affect the
market price as much as new housing, which was over-priced to begin with.