A Housing Bubble?

Some experts believe high home prices are a result of a housing bubble that is "doomed to burst."

1 minute read

July 29, 2002, 9:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"Some analysts believe the large run-up in home values in many parts of the country...reflect a real estate bubble doomed to burst. They argue that the big stock gains of recent years helped propel housing prices upward in certain areas, and those price levels can't be sustained in a falling stock market... However, with personal incomes continuing to rise, the population growing and everyone needing shelter, Federal Reserve Chairman Alan Greenspan and others discount worries of a housing bubble and the likelihood of a significant, widespread drop in home prices that would hurt the economy."

Thanks to Abhijeet Chavan

FULL STORY: New Milestone for Hot Real Estate

Friday, July 26, 2002 in The Washington Post

Housing United States

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