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CUs ENGAGE IN THEIR COMMUNITIES
updated 11/25/15 12:51 PM
Volunteerism and More
|Dwight Johnston, Vice President and Chief Economist for the California and Nevada Credit Union Leagues|
The confluence of Wall Street-type money managers and record low interest rates have caused some behaviors that are characteristic of a “bubble” market. Primarily, multiple offers on homes in many areas have become the rule rather than the exception. As buyers have seen the supply of homes on the market dwindle, they've been aggressive in bidding above asking prices.
Should we worry about a bubble?