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Housing Prices Race to New Highs ,but Experts say, “it’s different this time “

Fed Chairman Jerome Powell2

the staff of  the Ridgewood blog

Ridgewood NJ, talk to almost any housing expert and they will likely say the housing market is not in a bubble. This is despite home prices soaring to historical highs across the country.

In February, prices surged 12% year-over-year, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price Index, which is the highest increase since February 2006—right before the housing market crashed, sending home values into a free fall.

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