In addition to Miami, San Francisco, Denver, and Dallas also had recent price increases. In Miami, the price escalation is due to purchases by institutional investors as well as foreign buyers. In the mid-2000's the prices were driven up by loose mortgage standards as well as massive speculation. Could this lead to another housing crash?
"McCabe...worries that South Florida is drifting back into bubble territory, in danger of another collapse that could hurt homeowners and investors alike."
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