Sales of both new and previously occupied homes soared to new levels in March.
Warning signs do exist.
But don't tell to that to boomers, who are driving the buying binge by virtue of their sheer numbers. I don't think boomers are worried about what's going to happen 20 years from now. She and her husband put their suburban Houston home up for sale this spring and are shopping for a bigger, pricier house closer to the city center. Sounds like wise thinking. After all, it was as recently as the '80s that economic travails produced a huge drop in home values in Northeast and West Coast markets.