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News Story
Updated: 03/01/2014 08:00:00AM

‘We’re nowhere near a bubble’

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T hat declaration by Denny Grimes, a real estate broker speaking during Tuesday’s Market Watch Real Estate forum in Fort Myers, answered the question posed by the event’s organizers, “2014: Bubble, Bust or Boom.”

Grimes, president of Denny Grimes & Co. and a broker with Royal Shell Real Estate, said the sizzling real estate market in Lee and Collier counties features only one of four characteristics of a bubble, an upward trend in prices. The other three factors — pro-homeownership government policy, easy credit and euphoric buyers — are not present in the market.

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