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RE: New Home Sales Plunge, Supply Grows. Can You Say Bubble? By Gregory Mannarino
Look at the DC Housing Price Index. In the last housing bubble, home prices in DC topped out in 2006 where 2007 & 2008 were making lower highs. DC is usually the last to go into a recession and the first to leave. DC home prices have not topped out with home prices making lower highs .
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