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Coastal Housing Bubble May Be Set to Burst

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Coastal Housing Bubble May Be Set to Burst

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Coastal Housing Bubble May Be Set to Burst

Coastal Housing Bubble May Be Set to Burst

  • Download
  • <iframe src="https://www.npr.org/player/embed/4572672/4572673" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Joe Nocera, former editorial director at Fortune magazine, describes soaring residential real estate prices along the East and West coasts. He tells Scott Simon that real estate values are being fueled by people looking for profitable investments in the wake of the stock market's troubles.