orangecrest homes for sale: Housing recovery not yet a bubble, experts say
- 08/06/13 08:23 AM
Housing recovery not yet a bubble, experts say By Brian Bean & Tim Hardin Home prices in the Inland Empire are increasing 2 percent a month, similar to levels seen in 2005. But some experts and local economists say the gains are not a bubble – at least not yet. Online real estate site Trulia says homes nationwide are 7 percent undervalued, based on its newly launched Bubble Watch report. “Home prices fell so much after the last bubble burst that they still remain below normal levels even as prices rise sharply today,” Trulia Chief Economist Jed Kolko said in a … (1 comments)
The frenzy has already begun. Who is looking out for you?
Inland Empire home prices have increased 20 percent to 25 percent in the past year, propelled by unusually low inventory, historically low interest rates and cash-toting institutional investors backed by Wall Street.
The skyrocketing market bears some resemblance to 2004 and 2005, when prices grew at about 2 percent per month.
Today’s frenzy may be different from the last price runup, when loose lending helped drive price increases. But we’re headed down the same pathway that ended in … (1 comments)
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Housing recovery not yet a bubble, experts say By Brian Bean & Tim Hardin
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