A bubble can be defined as "a price level that is much higher than warranted by the fundamentals" (dictionary.com). These bubbles occur when prices continue to rise for no other reason than investors believe these investments will continue to rise in value and subsequently be sold at even higher prices. There has been much debate for the past few years as to whether a bubble exists in the real estate market or if the …showed first 75 words of 1810 total…

…showed last 75 words of 1810 total…Jul 2005 <http://msnbc.msn.com/id/8514801/> Laing, Jonathan. "The Bubble's New Home." 20 Jun 2005. 17 Jul 2005 <www.leavittbrothers.com/pdfs/housingbubble.pdf> Henderson, Nell. "Greenspan expresses mortgage concerns." The Miami Herald 21 Jul 2005. 27 Jul 2005 <http://www.miami.com/mld/miamiherald/business/national/12181763.htm> Strobel, Frederick. "Bubble trouble? Unlikely." St. Petersburg Times 10 Jul 2005. 18 Jul 2005 <http://www.sptimes.com/2005/07/10/Perspective/Bubble_trouble_Unlike.shtml>