In an effort to provide more information and other insights on a real estate bubble nationally, I've found a housing bubble blog that can provide all of us some additional information on "national" trends in housing prices. The Coachella Valley is really interesting because many of us here have second homes and vacation home located in other areas throughout the United States.
Florida is currently having the hottest real estate market, and Las Vegas just had a super year in real estate as well. Check out this blog devoted solely to housing bubbles called what else...
"THE HOUSING BUBBLE" . Find out what other online bloggers have to say about other real estate housing bubbles in other markets. Anyone interested in regional real estate bubbles, this is definitely a very interesting site on housing bubbles.
6.9% of the listings in the Las Vegas home market were reduced in price in the last week alone, according to Ben Jones. Now this comes just in time for the Memorial Day Weekend! Las Vegas is one of the Hottest Real Estate markets on the West Coast as well and its price appreciation has been through the roof in 2004, and if anyone's bubble is ready to burst, well, some experts feel that the Las Vegas housing market is in a precarious state. However, some REALTORS® rely on the statistics noting that based on the availability of inventory of homes on the market now and what homes have sold for in the past two months with the average price of a home now at $331,634 in May of 2005, that homes are likely to continue to increase in 2005.
Posted by Carey Parker, Blog Moderator, Host of Desert Homes Today on Newstalk 920 AM KPSI Palm Springs, CA
Interested in homes in the Palm Springs area? Contact Ms. Parker at 760 771-2380 or cparker@dc.rr.com