US housing boom entering its final stages

The seemingly unstoppable US housing boom continues unabated with activity at high levels and

prices rising sharply

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There are some disturbing parallels emerging, however, between the

boom in the US and the later stages of the housing bubbles in the UK and Australia. These

similarities suggest to us that the US boom may be entering the finishing straight

House prices have increased by just over 50% in the past 5 years, and by

12.5% in the past year alone.