Bubbles may be forming in parts of San Diego's real estate market

SAN DIEGO - Some parts of San Diego's real estate market are entering bubble territory and could pop in the next recession, University of San Diego real estate expert Norm Miller said Wed., July 15.

The trend in San Diego and a few other cities where the market is being driven by high valuations of tech stocks counters what's happening around the country, which is far from being in a bubble, said Miller, the Hahn Chairman of Real Estate Finance in the School of Business Administration's Burnham-Moores Center for Real Estate.

In research conducted along with a Hawaii-based consulting firm, Mill...