Housing Bubble II Has Bloomed into Full Magnificence

Housing Bubble II Has Bloomed into Full Magnificence

The current housing boom has Dallas solidly in its grip.

As in many cities around the US, prices are soaring, buyers are going nuts, sellers run the show, realtors are laughing all the way to the bank, and the media are having a field day.

Nationwide, the median price of existing homes, at $236,400, as the National Association of Realtors sees it, is now 2.7% higher than it was even in July 2006, the insane peak of the crazy housing bubble that blew up with such spectacular results.

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