Fourth District Homes
There has been much debate lately about whether the U.S. is experiencing a “bubble” in housing prices. Although it is difficult to tell if homes are selling above their fundamental values, we do know that home prices nationwide have been rising rapidly over the past several years. How does the Fourth District stand?
Suggested citation: "Fourth District Homes," Federal Reserve Bank of Cleveland, Economic Trends, no. 05-11, pp. 16, 11.01.2005.