Mini Bubble News Today

SHANGHAI -- Share prices on the Beijing Stock Exchange have seen a sharp run-up this month, even as the Shanghai and Shenzhen markets continue to lang

Realtors say were in something they call this mini bubble. so i think they mean that absolutely the prices could come back again. for now, things are so hot because there are so few houses out there, but theyre saying even -- once people figure out theyll get a pretty good amount of money for their homes, theyre going to start listing. youll get more supply and prices will level. so theyre not seeing a crash again. theyre saying things are going to level out a little bit more as the market conti...

That way forever? is now a good time to buy. >> thats a great question, now is a good time to buy, if you have the income and planning on staying at home for a long period of time. and fixed 15-year or 30-year mortgage rates. if youre looking to flip the house and adjustable rate mortgage you should take a step back and take a look at home prices versus incomes in the area because the truth of the matter is you might see home prices down the road come off a little bit. because theres a little bi...

It solid? >> i will tell you, the realtors here say were in something they call this mini bubble. so i think they mean that absolutely the prices could come back again. for now, things are so hot because there are so few houses out there, but theyre saying even -- once people figure out theyll get a pretty good amount of money for their homes, theyre going to start listing. youll get more supply and prices will level. theyre not seeing a crash again. theyre saying things are going to level out a...

One of americas top housing guys calling it a new mini bubble. one the government is creating with bailouts and tax credits to spur the buying. even worse, theres a 50% chance it will blow up in our face again. toby, what do you say about that? >> well, its a fact. as a matter of fact, you know, if the federal governments giving 90% the home mortgages out the last 18 months which is true and number two the cash for clunkers, except its cash for clunker for a house, that he have created the marke...