PLACERVILLE, CALIFORNIA

Real Estate

Another bubble or sustained growth?

By From page HS3 | June 28, 2013

It’s understandable that some real estate pundits are fearful of another housing bubble. After all, most of us remember the 2002-06 real estate bubble when the median selling price of a county home climbed 86 percent in four years. When the bubble popped, property values plunged 50 percent over the next five years. The experience will have long-term psychological impact on most Americans. Certainly, we should be cautious of not making the same mistakes that led up to the last bubble experience. But are we?

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Ken Calhoon

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