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Abstract: A 3 page paper discussing the reasons that the bubble of the US housing market appears to have burst. Average home prices in northern California increased 60 percent 2004-2006, which is not sustainable over a long period of time. The paper discusses the law of supply and demand and its action when a bubble begins to contract. Bibliography lists 5 sources.
Catagory: Money & Banking / Corporate Finance
Subcatagory: Accounting & Personal Finance
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