Tag Archives: economic recovery

Still Working on Real Estate Economy

The Real Estate Mini-Bubble Will Be Economy’s Next Problem

August 2, 2013
by Sy Harding
from Forbes.com

Forbes

…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!

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