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As housing prices surge to new records with no end in sight, few economists believe that the current run-up is a bubble that’s about to burst. Experts widely believe that rising home values will offset any drag from the expiration of the foreclosure moratorium, which ended on Sept. 30. The median price of existing homes now stands at slightly more than $350,000, according to the National Association of Realtors. In Philadelphia, the median home price has risen 48% in the last decade, and economists forecast even more price increases ahead. Benjamin Keys, a professor of real estate and finance atAs housing prices surge to new records with no end in sight, few economists believe that the current run-up is a bubble that’s about to burst. Experts widely believe that rising home values will offset any drag from the expiration of the foreclosure moratorium, which ended on Sept. 30. The median price of existing homes ► The FINANCIAL Economic

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