Next Bubble: Alabama
The experts that have been calling for the housing market to soften will be making excuses again as the bubble forges on in..Alabama? "The University of Alabama's Real Estate Research and Education Center (said that) sales of previously owned homes are up 29.4 percent from February, which saw a 15 percent increase."
"The university calls the jump 'Incredible' in light of rising mortgage rates and gas prices, and a tepid U.S. economy." Incredible indeed; the housing bubble is working its way across the globe as the real culprit, easy money, drives the frenzy.