Bubble Watch
(MONEY Magazine) – Uh-oh. Nationally, the supply of homes for sale is higher (13%) than it was a year ago. Some markets, like Las Vegas and Phoenix, are still tight, but others have seen a sharp uptick. Are owners trying to get out while they can? ONE-YEAR CHANGE IN THE NUMBER OF HOMES FOR SALE[1] SAN FRANCISCO AREA +14% CHICAGO +16% BOSTON AREA +36% SAN DIEGO +50% NOTE: [1] From August 2004 to August 2005. SOURCE: ZipRealty. |
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