[rbmillerjr]

Terrible analysis by PMI.

Most of these are just large markets where the price of housing is going up at higher rates than other areas.

You cold just come up with the list of highest percentage sales increases and do just as well.

There is no bubble coming for another 2-3 years but it will make great story writing and the sky is falling catastrophe...

zzzzzzzzzzzzz

[cpdiii]

"There is no bubble coming for another 2-3 years but it will make great story writing and the sky is falling catastrophe..."

This market is being held up by cheap interest rates. Many people with money are buying on a speculative basis because the return on their money in CDs and Bonds is so poor. Many of these same people got burned in the stock market or consider housing a safer investment. When interest rates go up a sufficient amount the investors will start moving money to other investments and the cost of financing a loan on a house will also go up.

this is a bubble.