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According to the argument from introspection
Housing Prices
denote the value assigned to residential properties and homes, which fluctuate based on factors like location, demand, economic conditions, and interest rates.
Housing Bubble
An economic condition characterized by rapid increases in the valuations of real property until they reach unsustainable levels followed by a sharp decline.
Real Terms
Values adjusted for inflation, reflecting the actual purchasing power.
Behavioral Economics
The study of psychology as it relates to the economic decision-making processes of individuals and institutions.
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