Industry News

Bubble Babble: Who’s got it right?

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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 2: No agreement on real estate market, Part 3: Some real estate markets are cooling and Part 4: Media caught in real estate bubble fray.) In the early 1990s during a real estate downturn, I was turning out newspaper column after newspaper column about the consequences of a depressed housing market in Southern California One day, I received a note from a reader with a line I will never forget: "The worst thing about this market is Bradley Inman." In the mind of this real estate agent, I was to blame for the downturn in the real estate cycle. I only wish I had such power. Or maybe she just did not want to read about what she was experiencing. I can understand t...