Boom, or bubble?
Buying and selling real estate has become a national obsession, as home prices soar at a record pace. Can this last, or are housing prices heading for a crash?
How much have prices risen?The median home price has risen 55 percent since 2000, the biggest jump since World War II. On the West Coast, in Florida, and along the corridor from Washington, D.C., to Boston, the gains have been astronomical. The average price of a Manhattan co-op apartment has zoomed past $1 million