Thursday, May 05, 2005

Real estate boom: Will a bust follow? - May. 4, 2005

Real estate boom: Will a bust follow? - May. 4, 2005: "NEW YORK (CNN/Money) - The number of U.S. metropolitan areas experiencing booms in real estate prices spiked 72 percent in 2004, according to a report from the Federal Deposit Insurance Corporation (FDIC).

Still, that represented just 15 percent -- a total of 55 -- of the country's 362 metro areas, leading some to question whether the reports of a real estate bubble have been greatly exaggerated."