Palm Springs, Calif., has been a redoubt for snowbirds and show business royalty at least since the 1930s.
Seven Housing Markets in Bubble Territory
Homes in seven markets have seen less growth than the previous quarter over a two year period
June 01, 2015
According to Clear Capital’s May Home Data Index, seven markets considered “major” in density and culture are in bubble territory, HousingWire reports.
These markets are the metro areas of Boston, Minneapolis, Chicago, Ventura, Calif., Bakersfield, Calif., Riverside, Calif., and Miami.
“The seven markets landed the “bubble” title after two years of consecutive quarterly softening,” HousingWire reports. “[This means] each subsequent quarter, over the two year period starting May 2013, has seen less growth than the previous quarter.”
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