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Global Boom in House Prices Becomes a Dilemma for Central Banks

  • Squeezing too hard risks derailing the economic recovery
  • Allowing prices to keep soaring worsens longer-term stability
U.S. Property Taxes Jump Most In Four Years With Sun Belt Catching Up
Photographer: David Paul Morris/Bloomberg

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Surging house prices across much of the globe are emerging as a key test for central banks’ ability to rein in their crisis support.