While many speculators have pitched the idea of a real estate bubble that they claim is ready to burst, Harvard University economists recently released a report stating the exact opposite, according to a Washington Post article. The report states that housing prices have been rising steadily over the last 13 years, with the largest increase being in 2004, says the Joint Center for Housing Studies. There are some negative side effects, of course, to rising housing prices: Increased property taxes, which some cities are trying to reign in, and increased prices for the would-be first-time homebuyer make it harder for them to own, according to CNN/Money. Prices are not likely to fall anytime soon, according to the report.
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