![]() The financial analytics firm sees that momentum cooling over the next year. On a month-over-month basis, prices rose 2% from their February levels. That marks an acceleration from the February rate of 10.4% and the fastest rate of price growth since March 2006. The headline price gauge for housing-data authority CoreLogic soared 11.3% year-over-year in March, according to a Tuesday report. Possibly the most basic indicator of just how much demand has outstripped supply is nationwide price indexes. "I don't see the kind of financial stability concerns that really do reside around the housing sector," Federal Reserve Chair Jerome Powell said last month. "We don't see bad loans and unsustainable prices and that kind of thing."īut just because the market looks different on a macro level doesn't mean there aren't strong similarities to the period just before the bubble burst. Here are five housing-market signals flashing the same signs seen about 15 years ago. Experts have been quick to note that, while some similarities exist, the latest price surge has more to do with a lack of inventory than dubious lending standards. The boom's frenetic nature has led many to compare the current market with that seen just before the infamous 2008 crash. ![]() ![]() That imbalance has since pushed selling prices skyhigh. Chronic underbuilding after the financial crisis left contractors struggling to meet the new demand with adequate supply. Americans snapped up nearly all the available supply of new and previously owned homes amid huge population shifts from cities to suburbs. Low mortgage rates and massive demand have powered a supercharged rally for US housing over the last year. ![]() Housing-market monitors keep repeating the phrase "since 2005," except when it's "since 2006." That's worrying - both superlatives refer back to the peak of a historic real-estate bubble. Account icon An icon in the shape of a person's head and shoulders. ![]()
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