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Bubble
An economic condition characterized by the rapid escalation of asset prices followed by a contraction when the price increases are not supported by fundamentals.
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.
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