Housing optimism could produce another housing bubble, Trulia says

Published: Wednesday, June 20 2012 4:40 p.m. MDT

Pat Sullivan, Associated Press
Optimism is usually a good thing. But for the housing market, this could lead to another housing bubble crisis. Results from Trulia's American Dream survey show that Americans are might be dreaming bigger than reality. "After years of broken housing dreams, it’s refreshing to see people voicing some optimism,” Jed Kolko, Trulia's Chief Economist, said in a statement. “But looking at our survey findings, the pendulum may have swung a little too far. Prices have started to turn around in most markets, but that doesn’t mean they’ll return to their pre-bubble highs in the next decade.”
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