“You’re bouncing off the bottom and you’re having double-digit bounces off the bottom. Let’s take Phoenix as an example. The market’s up over 20% year-on-year, but it’s still off 45% from the peak. So you’re dealing with very big bounces off of very low bottoms.” – Meredith Whitney
Here is why we’re not in another housing bubble
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.
