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Keyword: outsideinvestors

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  • Some big cities at risk of another housing bubble: Shiller

    07/05/2013 5:02:14 AM PDT · by Olog-hai · 3 replies
    Reuters ^ | Thu Jun 27, 2013 6:35pm EDT | Tim Reid
    Dramatic home price gains in some of America’s largest cities point to a potentially new housing bubble in those areas, according to Robert Shiller, who helped create a closely watched gauge of U.S. housing prices. Shiller said big price gains in Las Vegas, Los Angeles, San Francisco, Miami and Phoenix, fueled in part by a large influx of outside investor money, are a possible sign of trouble ahead. “There is a risk of bubbles in these cities,” Shiller, a co-founder of the S&P/Case-Shiller Home Price Index, told Reuters on Wednesday. “House prices increases have been dramatic. It looks like the...