Worrying about Real Estate - 2005-03-29
For years now, each time I set out to do a story on housing market conditions, I had a feeling a bubble was building. But once I reported out the story, I came to the conclusion that even if the market was getting frothy, there was no end in site to the bull run in real estate.
Perhaps higher mortgage rates will create a rush to buy among house hunters who want to lock in their mortgage before rates climb higher. That could inflate the real estate bubble more -- especially if rates tick up only moderately in the months to come.
Read the full story at BusinessWeek