Tuesday , December 12 2017

Real Estate

It’s not a housing bubble, it’s just a bit expensive

FILE PHOTO --  A construction worker applies new roofing material to an existing house undergoing a total makeover in Washington, U.S. June 2, 2016. REUTERS/Gary Cameron/File Photo

  Bloomberg Home prices have hit record highs in some major US metropolitan areas, and house-flippers are behaving like it’s 2005: It’s no wonder people are chattering about another housing bubble. But residential real estate isn’t in a speculative bubble, industry observers contend. Instead, a low inventory of available homes ...

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