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People haven’t been this optimistic about house prices since just before the crash

By Patrick following x   2018 May 10, 8:53pm 501 views   0 comments   watch   sfw   quote     share    


A majority of U.S. adults (64%) continue to believe home prices in their local area will increase over the next year, a survey by Gallup concluded. That’s up nine percentage points over the past two years and is the highest percentage since before the housing market crash and Great Recession in the mid-2000s. The level of optimism is edging closer to the 70% of adults in 2005 who said prices would continue rising. That, of course, was less than one year before the peak of the housing market bubble in early 2006, which was largely fueled by a wave of subprime lending.”
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