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Article: The Philadelphia Inquirer Real Estate Notes Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 4, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. 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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By Alan J. Heavens, The Philadelphia Inquirer Knight Ridder/Tribune Business News
Aug. 4--NO HOUSING-PRICE "BUBBLE": Fears that high rates of home-price appreciation might serve to derail the economic recovery are unfounded, the chief economist of the National Association of Home Builders says.
In an article in Builder magazine, David F. Seiders writes that while house prices have climbed to "unsustainable levels" in a limited number of markets, a recovering economy and "positive interest-rate environment" will solve the problem.
Seiders considers annual home-price appreciation of between 4 percent and 5 percent "a reasonable prospect" in ...