Home Prices Rapidly Rise: Is History Repeating Itself?

‘Rapid Price Increases Will Not Last Forever’
The current growth in home prices is echoing the lead-up to the recession. Is history repeating itself?
The answer is likely not, according to a recently released realtor.com® report. Building is lacking in many markets—one hallmark 10 years ago was over-construction—and credit standards are more stringent, says Danielle Hale, chief economist of realtor.com.
“As we compare today’s market dynamics to those of a