Written by Robert H. Ruth
Over the past 2 weeks I have reported on the current state of the housing market in the United States, and compared today’s market in 2017 to the market in 2007. My comparison showed some striking similarities between the 2 time periods, and in the media there is concern about the possibility that another housing bubble might be in the works. Whether the market is overheated and may experience a correction is not my concern right now. My objective in this space is to report on what is happening in the market, and what is driving the current housing economy.
In order to do that I thought it might be a good exercise to develop a picture of the market based upon 5 pillars that are holding up the current marketplace.
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