Economist David Stockman believes that a second housing bubble was started in 2012 and still inflating as of February 2013.  Housing inventory began to dwindle starting in early 2012 as hedge fund investors and private equity firms purchase single-family homes in hopes of renting them out while waiting for a housing rebound.  Due to the policies of QE3, mortgage interest rates have been hovering at an all-time low, causing real estate values to rise. Home prices have risen unnaturally as much as 25% within one year in metropolitan areas like the San Francisco Bay Area and Las Vegas. 
Real Estate Economics ( REE ) first published in 1973 is the oldest academic journal focusing on real estate issues and is considered the premier journal for real estate related topics. The journal facilitates communication among academic researchers and industry professionals and improves the analysis of real estate decisions. Each issue of REE reaches over 8,000 academics, finance and economic professionals, libraries, government and financial institutions around the world. Published four times a year, the journal is the official publication of The American Real Estate and Urban Economics Association (AREUEA).