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Bubbles Bloom Anew in Desert


               
2013 Aug 20, 1:26am   614 views  2 comments

by Heraclitusstudent   follow (8)  

http://www.bloomberg.com/news/2013-08-20/bubbles-bloom-anew-in-desert-as-buyers-wager-on-las-vegas.html

RealtyTrac. The markets where you see wild swings in prices are destination spots, warm places where people want to vacation, like Las Vegas and Phoenix, Blomquist said. The rest of the country likely will continue to do well, regardless of what happens in those cities.

#bubbles

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1   Heraclitusstudent   2013 Aug 20, 1:29am  

"A five-bedroom house in Las Vegas sold in mid-July for $499,000, double the price it went for three months ago. In Phoenix, a similar house sold this month for $600,000, gaining $273,000 since March. "

Obama: "We have to turn the page on the bubble-and-bust mentality that created this mess." (Aug 10)

They are going to kick the crutches.

2   New Renter   2013 Aug 20, 3:12am  

I hear Chunderville is selling at $10k/sqft!

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