{"id":1997,"date":"2017-11-09T11:00:23","date_gmt":"2017-11-09T11:00:23","guid":{"rendered":"https:\/\/thezakariagroup.com\/a-housing-bubble-industry-experts-say-no\/"},"modified":"2017-11-09T11:00:23","modified_gmt":"2017-11-09T11:00:23","slug":"a-housing-bubble-industry-experts-say-no","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/a-housing-bubble-industry-experts-say-no\/","title":{"rendered":"A Housing Bubble? Industry Experts Say NO!"},"content":{"rendered":"
\n

\"A<\/p>\n

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.<\/span><\/p>\n

Recently, five housing experts weighed in on the question.<\/p>\n

Rick Sharga, Executive VP <\/em>at Ten-X<\/em>:<\/h4>\n
\n

\u201cWe\u2019re definitely not in a bubble.\u201d<\/strong><\/p>\n

\u201cWe have a handful of markets that are frothy and probably have hit an affordability wall of sorts but\u2026while prices nominally have surpassed the 2006 peak, we\u2019re not talking about 2006 dollars.\u201d<\/em><\/p>\n<\/blockquote>\n

Christopher Thornberg, Partner <\/em>at Beacon Economics<\/em>:<\/h4>\n
\n

\u201cThere is no direct or indirect sign of any kind of bubble.\u201d<\/strong><\/p>\n

\u201cSteady as she goes. Prices continue to rise. Sales roughly flat.\u2026Overall this market is in an almost boring place.\u201d<\/em><\/p>\n<\/blockquote>\n

Bill McBride, Calculated Risk<\/em>:<\/h4>\n
\n

\u201cI wouldn\u2019t call house prices a bubble.\u201d<\/strong><\/p>\n

\u201cSo prices may be a little overvalued, but there is little speculation and I don\u2019t expect house prices to decline nationally like during the bust.\u201d<\/em><\/p>\n<\/blockquote>\n

David M. Blitzer, Managing Director and Chairman of the Index Committee <\/em>at S&P Dow Jones Indices<\/em>:<\/h4>\n
\n

\u201cHousing is not repeating the bubble period of 2000-2006.\u201d<\/strong><\/p>\n

\u201c\u2026price 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\u2019 supply is declining, not surging.\u201d<\/em><\/p>\n<\/blockquote>\n

Bing Bai & Edward Golding, Urban Institute<\/em>:<\/h4>\n
\n

\u201cWe are not in a bubble and nowhere near the situation preceding the 2008 housing crisis.\u201d<\/strong><\/p>\n

\u201cDespite recent increases, house prices remain affordable by historical standards, suggesting that home prices are tracking a broader economic expansion.\u201d<\/em><\/p>\n<\/blockquote>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

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: \u201cWe\u2019re definitely not in a bubble.\u201d \u201cWe […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[98,99,102,101,108],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nA Housing Bubble? 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