So Is The Real Estate Bubble Finally About To Burst?

The chief economist for the Mortgage Bankers Association plans to sell his house and rent, anticipating real estate bubble is about to burst.

1 minute read

May 30, 2005, 7:00 AM PDT

By Chris Steins @planetizen

"Duncan is among a multitude of experts and consumers across the country debating the possibility of a housing bubble a condition where prices have risen so far out of hand that they eventually crash.

...However, none of the experts or novices knows for sure when and how a bubble might burst. Bubbles throughout history, including tech stocks in the late 1990s, often go on for years, and crash when few expect it. Many experts and media pundits have been predicting a downturn for the last three years and home prices have continued to rise, up nearly 70% since 2001 in the hot Southern California market."

Thanks to Mindy Oliver

FULL STORY: It's Not a Bubble Until It Bursts

Sunday, May 29, 2005 in The Los Angeles Times

Housing United States

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