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NAR: “The Home Price Growth Is Too Fast”
Posted By Jonathan Miller On July 1, 2013 @ 11:30 am In Brokers, Agents, MLS, NAR,Elliman Reports | 1 Comment
When I saw this quote by Lawrence Yun, NAR chief economist  two weeks ago in the Existing Home Sale Press Release, I was surprised. I didn’t write about it but ran into someone a few days ago who pointed out the same thing so I was inspired.
The home price growth is too fast, and only additional supply from new homebuilding can moderate future price growth.
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 Image: http://www.millersamuel.com/files/2013/07/NARlogo.png
 Lawrence Yun, NAR chief economist: http://www.realtor.org/news-releases/2013/06/existing-home-sales-rise-in-may-with-strong-price-increases
 temporary: http://matrix.millersamuel.com/?p=1367
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