Wednesday, December 28, 2005


There is No Bubble

HomeServices of America president and CEO Ron Peltier says there's no bubble.

Kind of reminds me of that scene from The Matrix in which Neo discovers that "There is No Spoon."

Here's the story on Peltier from NBC 17:
The head of one of the nation's largest home ownership service providers said Tuesday that home sales may slow down next year as supply catches up with demand.

But HomeServices of America president and CEO Ron Peltier said there is no real estate bubble.

Peltier acknowledged in an interview with CNBC that some markets -- such as Las Vegas, Miami, New York and southern California -- are "overheated."

But he said prices in most markets should rise in the low single digits in 2006.

Those markets, he said, include Atlanta, northern Florida, North Carolina, Cincinnati and Minneapolis.

— The Boy in the Big Housing Bubble