Real Estate/Development
Feb. 15, 2013
Apartment frenzy spurs concerns of a bubble
Lawyers are treading cautiously amid concerns that an uptick in apartment prices, coupled with deal competition and a possible jump in interest rates, could spawn a bubble similar to the one that caused the recent real estate bust.
Daily Journal Staff Writer
"Cautiously optimistic" and "bullish but careful" are phrases commonly used to describe how investors, builders and attorneys are acting in today's recovering real estate market. But in the midst of a massive surge in the apartment sector, a new question is being asked: bubble or no bubble? After the crash and burn of the real estate market in 2007, people began renting in droves...
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