Nov 9 2017 18775 1

Dated: 11/09/2017

Views: 140

A Housing Bubble? Industry Experts Say NO!

A Housing Bubble? Industry Experts Say NO! | MyKCM

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.”

Blog author image

Chauntel Enzweiler

Although I want to share a little information on my background and marketing, this is more about you. What will help you sell quickly for maybe even more money than the house (down the street) Having ....

Want to Advertise on this Site?

Latest Blog Posts

The Knockout Punch

OK. So you may not be fighting for the Heavyweight Championship of the World, but… Finding, negotiating, and purchasing a home, especially in a market heavily favoring the Seller, may feel like it

Read More

Welcome Home To 310 Links View Drive Butler KY

A convenient drive south along US 27 into Pendleton County yields high rewards, both in terms of cost per square foot AND quality of living!!  Country Club Hills subdivision, situated

Read More

First Remodel Click Link For Great Tips

What It’s Really Like to Live Through a

Read More

REAL ESTATE SUCCESS IN 2019 BUYING OR SELLING

ASKING FOR YOUR REAL ESTATE BUSINESS IN NORTHERN KYMany different services available, let me explain for you.  Full Service listing service 7%  3% to selling Agent---4% to listing

Read More