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House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.

Ben Bernanke
Strong, Past, Years
Ben Bernanke's Testimony before the Joint Economic Committee, georgewbush-whitehouse.archives.gov. October 20, 2005.
House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.