Real estate is well back in bubble territory in some places, notably California. It won't end any differently this time for the buyers, but at least banks will not be on the hook for the loans.All cash buyers from China are bidding up the price of mansions, defined as anything with two stories.
Apple didn't break any big news at its shareholder meeting yesterday, but a couple of statements by the company's CEO, Tim Cook, stood out. The first was Cook's comment that Apple's board and management "don't like" the fact that Apple's stock has crashed.
Kevin Grewal submits: Despite woes in residential real estate, the commercial real estate sector appears to be showing signs of stabilization shinning a light on the iShares Dow Jones US Real Estate (IYR), the Vanguard REIT ETF (VNQ) and the iShares Cohen & Steers Real