Thursday, January 02, 2014

INT: Housing market could face new bubble, home price expert warns

Housing market could face new bubble, home price expert warns
"In the housing market, it has its own momentum right now as people see it coming back. We're sort of in the beginnings of another housing bubble," the Nobel Prize-winning economist told CNBC on Tuesday. "
"But the more subdued monthly gains "show we are living on borrowed time and the boom is fading," David Blitzer, chairman of the index committee at S&P Dow Jones Indices, said in a statement. "


 

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