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Case Shiller

We’re Forever Blowing (Real Estate) Bubbles in Phoenix

My good friend John Wake over at the Arizona Real Estate Notebook wrote a few days ago that the esteemed Robert Shiller (as in Case-Shiller, as in the Case-Shiller index which tracks home values in multiple metropolitan real estate markets) has said a bubble may be forming in Phoenix, Florida and other locales. Mr. Shiller a couple of years ago had said some areas of the Phoenix real estate market had overcorrected, which proved to be absolutely correct. (This means you, Maricopa and Queen Creek and West Phoenix, among others.) Realistically, it’s hard to question his conclusion. In fact, it’s […]