Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Friday, August 20, 2021
There's a great article over at NPR / Planet Money related to whether current high home prices are an indication of a housing bubble. Thanks, Andy, for sending me this article!
Home Prices Are Now Higher Than The Peak Of The 2000s Housing Bubble. What Gives?
You should read it. All of it.
It addresses...
- what a bubble is (when prices depart from fundamentals)
- why the last bubble happened (buyers being overly optimistic about rising prices because of changing fundamentals)
- whether currently changing prices are signs of another bubble.
Read the whole article here...
Do you think we are in a bubble?
Translated: Do you think home prices will decline sometime in the next 1 to 5 years?
Email me and let me know what you think.
