Industry NewsMortgage

Real estate tells tales of impending bubble

Industry concerned over interest rates, increase in home values
Published on Jul 16, 2004

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Real estate broker Vince Landolna has a theory about the housing bubble debate: Due to high housing costs, San Francisco Bay Area home buyers are seeking out affordable housing elsewhere. They're turning their attention east towards California's Central Valley.

Now, these lower-cost areas are inflating wildly, pricing out local residents.

The escalated housing values won't be a problem as long as homeowners are making enough money to afford the increasing mortgage payments ...