House price gains not always tied to economic growth

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September 29, 2014

Since 2007, house prices were most likely to rise in areas where the population was increasing and the economy was growing rapidly.
But the New York Times reports that today there are anomalies in this trend, a reflection of excesses during the housing boom. In the Pacific region, house prices have performed relatively poorly though the regional economy has outpaced the national one. And in the rust belt, home prices have performed better than might have been expected from the lagging economic growth.
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