Tuesday, September 29, 2015

OCHN: Housing echo bubble may deflate but not pop

The recent house price rally was financed with stable, fixed-rate mortgages. Stable mortgages make for a stable housing market.

Pundits like to call asset bubbles; it attracts attention and helps make a name for the analyst. Most often they are wrong, but every once in a while, someone calls a...
Housing echo bubble may deflate but not pop

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