Bubble Bubble is Housing in Trouble?

The Conservative Mind

As U.S. housing prices rise and inventories fall the word on the street is the housing industry is on the rebound. Prices in many regions are up 20-30% from a year ago and inventories are slumping to pre-crisis levels. Additionally the homes are being bought by real buyers, gone also are the bad old days of nothing down and no credit needed housing loans. All is good news on the housing front or so it would seem. It appears that maybe the lessons from the last bubble have been learned and now the foundations for real growth forged.

With such information to go on, it is perfectly understandable that many of those who scan the headlines and follow economic trends are comfortable with the idea that the housing market has mended. Everything looks to be coming up roses for this part of the economy. Given all of this, it might…

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