Wednesday, September 16, 2015

Frothy, yes, but don't call it a housing bubble


Home prices are overheating again. In fact, twice as many metropolitan markets were considered "overvalued" in the second quarter of this year as compared to the first three months, according to a new report from CoreLogic. That is, prices are inflated relative to incomes. This is not, however, a "housing bubble," because by definition, an economic bubble eventually bursts, and home prices are very unlikely to fall.





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Renters are looking to leave New York, Chicago for Dallas.

Renters are looking to leave New York, Chicago for Dallas. Start spreading the news. They’re leaving today…for North Texas