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5 Reasons We're Not in a Housing Bubble -- For Now

The extenders of those mortgages were part of the problem, of course, and so were the bundlers and sellers of mortgage-backed securities packaged and sold to investors, who also lost big when the underlying mortgages were no longer being paid. Inventory of unsold existing homes was at an all-time low of 910,000 as 2022 dawned, and that represents enough for about 1.8 months of inventory at the current pace, the lowest since 1999. The best thing for all of us participants in that big give-and-take we call the economy would be for a soft landing to a new level of prices and ability to keep current on the mortgage.

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