The Real Estate Mini-Bubble Will Be Economy’s Next Problem
August 2, 2013
by Sy Harding
…for close to two years the real estate sector has been blasting through the most optimistic forecasts for its recovery.
At the end of May new housing starts were up a huge 28.1% year-to-date. Existing home sales had increased 15.2% over the previous 12 months. Home prices have shot up 12.2% nationally over the last 12 months, the biggest year-over-year jump since March, 2006 (near the peak of the housing bubble).
Read more of Harding’s interpretation of the Real Estate Mini-Bubble at Forbes!
Looking for your own home? Visit limousinerealestate.com or call Tom at 303.663.9335 for all your residential real estate needs in Highlands Ranch, Castle Rock, Centennial, Denver, Lone Tree and Sedalia!