Industry Experts Say There Is Not A Housing Bubble

Industry Experts Say There Is Not A Housing Bubble

A Housing Bubble? Industry Experts Say NO!

  First Time Home Buyers, For Buyers, Housing Market Updates,Move-Up Buyers, Pricing

With residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008.

Recently, five housing experts weighed in on the question.

Rick Sharga, Executive VP at Ten-X:

“We’re definitely not in a bubble.”

“We have a handful of markets that are frothy and probably have hit an affordability wall of sorts but…while prices nominally have surpassed the 2006 peak, we’re not talking about 2006 dollars.”

Christopher Thornberg, Partner at Beacon Economics:

“There is no direct or indirect sign of any kind of bubble.”

“Steady as she goes. Prices continue to rise. Sales roughly flat.…Overall this market is in an almost boring place.”

Bill McBride, Calculated Risk:

“I wouldn’t call house prices a bubble.”

“So prices may be a little overvalued, but there is little speculation and I don’t expect house prices to decline nationally like during the bust.”

David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices:

“Housing is not repeating the bubble period of 2000-2006.”

“…price increases vary unlike the earlier period when rising prices were almost universal; the number of homes sold annually is 20% less today than in the earlier period and the months’ supply is declining, not surging.”

Bing Bai & Edward Golding, Urban Institute:

“We are not in a bubble and nowhere near the situation preceding the 2008 housing crisis.”

“Despite recent increases, house prices remain affordable by historical standards, suggesting that home prices are tracking a broader economic expansion.”



You might also enjoy reading...


More articles from Keeping Current Matters available at WWW.CGGROUPREALESTATEBLOG.COM.



Mark Hendel - Broker In Charge Headshot
Author:
Phone: 704-909-8688
Dated: November 9th 2017
Views: 45
About Mark: Mark Hendel Broker In Charge NC & SC Broker, REALTOR® As President and Broker-In-Charge for Sk...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Dont Let Your Luck Run Out Buy A Home This Spring - Don’t Let Your Luck Run Out.
Why Homeownership Matters Now More Than Ever - Why Homeownership Matters Now
Four Reasons To Sell Your House In The Winter - Four Reasons to Sell Your House
Six Tips To Sell Your Home - Six Tips To Sell Your Home BY

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Skyecroft Realty Group
101-C Waxhaw Professional Park Dr
WAXHAW, NC
704-870-0483
704-412-3233