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Are local housing markets recovering too quickly?

Report sounds the alarm on market frothiness

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While housing bubble concerns are overblown, there are cities where the pace of recovery is perhaps too strong, given current market dynamics, CNBC reports. 

The news publication is sounding the alarm on potential bubble territories:

"Nationwide, the housing market is not in a bubble. But there are probably some markets that are at risk for getting into bubble territory if they continue at the pace that they're going," said Daren Blomquist, vice president at RealtyTrac.

Source: CNBC
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