Central bank sees housing bubble risk
The central bank released its survey of recent economic developments from May to August.
The Bank of Israel is worried that a real estate price bubble could be developing and housing prices may continue to rise. The central bank released its survey of recent economic developments from May to August on Monday and said while home prices are presently in accord with the level of demand, supply, and interest rates in the market, buyers are returning to action, and this in and of itself may create...
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