Is the Housing Bubble Finally Going to Implode?

The real estate industry is on fire throughout much of the country. For real estate industry professionals and current property owners that is a good thing. For rapidly growing ranks of folks who rent- it is not such a good thing. Rents are increasing drastically in every major metropolitan area in the country. Coastal cities like Seattle, Portland or San Francisco have seen the most dramatic rises. In San Francisco, a typical home that would have sold for roughly 650,000 at the height of the 2009 recession now sells for close to 1.5 million. Such astounding gains beg the…