« Not clear on the concept | Main | Real Estate Bubble 3 »

Bubble 2

"Strong demand and low interest rates through the early spring helped push the median price for a single-family home in the nine (SF Bay Area) counties to $622,000, according to the monthly study by DataQuick. That was 3 percent higher than the previous record of $605,000 set in March and 19.6 percent higher than one year ago." Source: www.sfgate.com


Robert Kleinhenz, economist at the California Association of Realtors says this isn't a problem because low inventories will keep prices up. It is also a "foregone conclusion" that prices will go up. Where is he an economist again?

Meanwhile new buyers are facing average mortage payments of $2,659 a month. I'm wondering what the economists from The California Association of Mortgage Brokers are saying about this.



The previous article is Not clear on the concept.

The next article is Real Estate Bubble 3.

Current articles are in the main index page and you can find a complete list of articles in the archives.

Creative Commons License
This weblog is licensed under a Creative Commons License.
Powered by
Movable Type 3.34