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Housing bubble 2.0? Not likely this time, new study says
Housing bubble 2.0? Not likely this time, new study says

Southern California remains home to the most overpriced housing markets in the country, but any fears of a new bubble look increasingly unfounded. That’s according to a new report out Tuesday from real estate website Trulia, which monitors bubble conditions by tracking home prices relative to household incomes and long-term norms in markets nationwide. After surging last year, prices here have cooled off this spring, giving the job market time to catch up. While Trulia says three of the four most “overvalued” housing markets in the nation are in Southern California — Orange County, Los Angeles County and the Inland Empire — those markets are far less overvalued than they were in the mid-...

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