The S&P/Case-Shiller Home Price Index released recently was the latest report to show a relentless rise in housing prices, causing some economists to ask: Is another bubble forming?
According to Tuesday’s data housing prices have been climbing for 35 consecutive months, but economists pointed to several reasons why that isn’t a concern, namely that while prices keep rising the rate of growth has slowed. In the first three months of this year home prices gained 0.8%, according to the S&P Case-Shiller national index. That’s down from 2.8% in the first three months of 2013 and 1.2% during the same period of last year.
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