The four unique features are (1) low mortgage interest rates, (2) low MLS inventory, (3) low owner-occupant demand, and (4) high but affordable house prices.
Prior to the housing bubble, the normal state of affairs for the housing market was slowly but steadily rising prices that matched the...
http://ochousingnews.com/blog/four-unique-features-of-the-new-normal-in-housing/
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