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Preferred term

housing bubble  

Definition

  • Many places across the globe experienced house price bubbles during the first 7 years of this century. A May 2003 article in The Economist titled “Castles in Hot Air” identified “six countries where houses appear to be overvalued (America, Britain, Australia, Ireland, the Netherlands, and Spain)” (What's It Worth? subheading, para. [Source: The Encyclopedia of Housing; Housing Bubble]

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https://concepts.sagepub.com/social-science/concept/housing_bubble

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