BrokerageIndustry News

Some real estate markets are cooling

Part 3: Bubble babble: Who's got it right?
Published on Jul 8, 2004

Editor's note: The housing bubble debate has grown louder in recent weeks. Rather than add to the mix of confusing stories that attempt to decide who's right and who's wrong, this four-part series takes a closer at look at the numbers, what's happening in specific markets and how the media is relaying the message. (See Part 1: Making sense of a changing housing market, Part 2: No agreement on real estate market and Part 4: Media caught in real estate bubble fray.) The buoyant and boisterous boom in housing may be receding in some parts of the country, but there hasn't been a housing kaboom, according to real estate agents and analysts. Some markets in Southern California are seeing growing inventories, a slowing in price increases or a longer time on market for homes. And similar trends have been reported in the Boston area and in parts of Texas. The coastal areas tend to have the most volatility in pricing, said, Robert J. Shiller, an economics professor at Yale University. And...

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