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Opinion
John Authers

Disquiet Over the Housing Market Is Only Growing

The Fed needs to remove the heat from demand without prompting an accident among mortgage financiers.

The hangover from an overheated market could be severe.

The hangover from an overheated market could be severe.

Photographer: David Paul Morris/Bloomberg

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There are risks in writing a daily column. It can grow a little too tempting to turn it into a running commentary.