Instapundit.com Instapundit.com

January 18, 2005

A HOUSING BUBBLE? "Millions of Americans became stockholders in the late 1990s, just in time to experience the biggest bear market in a generation. Does the same fate await millions of first-time homeowners?" I don't think there's much of a bubble in Knoxville, where prices are pretty low. Elsewhere? Quite possibly. I suspect that it's a regional phenomenon.