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Article: Bubble? What bubble?: Stability reigns in central Ohio real estate.
- Article from:
- The Columbus Dispatch (Columbus, OH)
- Article date:
- February 26, 2006
CopyrightCOPYRIGHT 2006 The Columbus Dispatch. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Lee Stratton
Feb. 26--Sorry to burst your bubble, but there isn't a housing bubble to burst.
Central Ohio homeowners -- or buyers -- who worry about getting burned by the oft-predicted bursting of a real-estate bubble can rest easy: Nothing is likely to go "Pop!" and wipe out a big chunk of owners' home equity.
Local home values are not overinflated, according to a variety of national and local analyses.
Instead, local values are most likely to keep chugging along at a below-average rate of appreciation.
But Ohio's lagging economy, an abundance of houses on the market, and increasing interest rates and energy prices ...