Skyrocketing home prices in a few markets have some analysts concerned that prices are on the rise too fast and could ultimately hamper the housing recovery.
'In many markets, fundamentals are improving as unemployment rates continue declining, while low prices and low interest rates have affordability high,' according to analysts for Fitch Ratings, a credit rating agency. 'However, especially in cities that never fully unwound the mid-2000s bubble, rapidly increasing price levels are a potential cause for concern.' Read more ....
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