Maybe you call it a bubble; maybe you don’t. But whatever descriptive label you prefer, the real estate market looks set to figure prominently in economy in 2006, one way or the other.
Indeed, some pundits think Joe Sixpack’s relationship with housing will reach a critical juncture this year. With that in mind, the Levy Economics Institute of Bard College has penned a fresh analysis of real estate, provocatively titled: Are Housing Prices, Household Debt, and Growth Sustainable?