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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1705 |
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Prior to 1998, home prices had increased proportionally with the overall rate of inflation. But through 2005, home prices increased 60 percentage points greater than inflation. During the increase in the housing market, everyone was trying to get a piece of the mortgage market. Not only were some buyers able to purchase for the first time, but existing homeowners saw the value of their homes increase dramatically, spurring them to refinance to take equity out, or flip homes to make quick money...
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Not only were some buyers able to purchase for the first time, but existing homeowners saw the value of their homes increase dramatically, spurring them to refinance to take equity out, or flip homes to make quick money.
The reason the housing market was so attractive to many the Federal Reserve kept the federal funds rate below 3 percent from 2001 through mid-2005 in order to keep the U...
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In this activity you will need to go to the realtor.com website. Follow the instructions for "Finding a Home", and check housing prices for a 3-bedroom, 2-bath house in several cities, for example, San Francisco, CA; Topeka, KS; Dallas, TX; Concor...
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