Property Appreciation Brings More than Wealth in Katy, Texas-Area Subdivision - 2004-03-01
Investor Al Rafat has seen a transformation in and around Parkway West as values continue to climb in the Katy-area subdivision.

Homes in Parkway West were built in 1982 and 1983, a time when builders were putting up inexpensive homes in Houston and mortgage rates were triple what they are now. Most range from around 1,000 square feet to 1,600 square feet, with the larger ones located south of Park Row.
Read the full story at Miami Herald

Experts' Opinions Split on Housing Bubble Bursting - 2004-03-01
As home prices continue to climb, the debate over the housing bubble continues. Are housing prices ready for a fall?

"We're very sure there's not a national housing bubble," Franklin Raines, head of mortgage giant Fannie Mae, declared during a trip to Boca Raton last month.

In once-hot areas where price gains have cooled, such as Silicon Valley, Seattle and Austin, Texas, the slowdown has been "orderly," Raines said.
Read the full story at Miami Herald