A Local Housing Bubble?
As real estate's high season kicks into gear, homebuyers and sellers are experiencing conditions many say mirror a housing bubble. In this region, the inventory of properties for sale are at a record low, prompting bidding wars. Realtors are going to extremes to find homes to sell, and sellers find themselves inundated with multiple offers. Is the hot market an anomaly or simply a return to normal conditions? Guest host Paul Brown finds out what's behind the heated market and what buyers and sellers can expect moving ahead.