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Fortune
Fortune
Lance Lambert

Dallas Fed: Housing market could see 'severe price correction'

Economists at the Federal Reserve Bank of Dallas caught the attention of the real estate industry back in March 2022 when they published a paper titled "Real-Time Market Monitoring Finds Signs of Brewing U.S. Housing Bubble."

Soon afterwards, Fortune spoke with Dallas Fed economist Enrique Martínez-García. While the Pandemic Housing Boom isn't the same story as the lead-up to the 2000s housing crash, he said, home prices were quickly becoming detached from underlying fundamentals.

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