Matt Phillips

RESIDENTIAL REBOUND

I told you so.

Million dollar homes are under construction on a hillside above Silver Creek Valley Country Club in San Jose, Calif., Tuesday, Oct. 15, 1996. The Silicon Valley area is seeing a boom in housing sales.  (AP Photo/Scott Anger)

Hate to say it. But I told you so. We’re nigh on 10 years since the Federal Reserve cut interest rates to near zero, trying…

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