Dallas Fed research says housing bubbles are ‘brewing’

 House and dollars

Researchers say novel factors could be driving the emergence of a new housing bubble in the US. The team from the Federal Reserve Bank of Dallas notes “growing concern” that house prices “are again becoming unhinged from fundamentals”.

“Expectations-driven explosive appreciation”, or mass inflationary expectations for housing, could be causing housing prices to rise past their true value, say Jarod Coulter and co-authors. The researchers say a correction or a crash is now possible.

“The

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