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Realities of Real Estate: How the housing market has changed

Realities of Real Estate: How the housing market has changed

It has been almost a decade since the housing bubble burst, but ever so slowly, we're beginning to recover. Even so, the magnitude of this financial catastrophe was such that it fundamentally changed how people look at housing. For a long time, home ownership had been viewed as a rock solid way to build wealth, and the sudden run up in prices from 2001 to 2006 only fueled the idea that buying a house could fund a comfortable retirement. And, since most Americans were well behind the curve on saving for their golden years, easy mortgage money, along with double digit gains in home prices, seemed like a painless way to make money. Unfortunately, it was all a house of cards. When the...

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