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SAN DIEGO—Despite speculation to the contrary, Norm Miller, PhD, Ernest W. Hahn Chair of Real Estate Finance in the School of Business Administration’s Burnham-Moores Center for Real Estate at the University of San Diego, says we are far from bubble territory on a national or metropolitan level. While US home prices are increasing on a national level more than expected, suggesting a definitive recovery from the recession and causing some experts to speculate mistakenly that another bubble is in our midst, Miller refutes this.

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