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HOUSING MARKET IS HEATING UP, IF NOT YET BUBBLING


Source: The New York Times

Renowned economist Robert Shiller (co-developer of the S.& P./Case-Shiller Index) writes in the New York Times that while we are not in a bubble now, there are troubling signs that we may be heading toward one. He notes the country could be lapsing into a bubble mentality — a self-reinforcing cycle of popular belief that prices can only go higher.

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