Skip To Content
    • Home
    • Blogs
    • A Housing Bubble? Industry Experts Say NO!

    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.”

    Trackback from your site.

    Carin Nguyen

    Carin Nguyen takes the business of real estate very seriously and she has the track record to prove it. She holds the recent prestigious title and ranking of the #1 realtor in AZ for sides as awarded by the Wall Street Journal. Carin is an Arizona native and fully understands the complexities and changing landscape of the Arizona market. She has been in the real estate industry for over 10 year’s full time and comes by her expertise honestly, having honed it during years in the finance and mortgage industries. Education and knowledge is key in getting her buyers and sellers what they what. A rich resume built with a tireless commitment to her clients, undeniable proven past success and an uncompromised vision for the future create the recipe for complete customer satisfaction. Carin understands the potential emotional stress and sometimes life altering experiences felt by clients during the real estate transaction process. Carin is unyielding in insisting on complete professionalism from herself and her team while understanding that real estate is a personal business. She thrives on managing the details and individuality of each transaction and client. Her clients know that having Carin on their side means they have an advocate who cares about them and their needs. Carin is convinced that building relationships will ensure continued satisfaction and be reflected in future success. There is no denying what provides Carin with her constant strength. Her family is “at the heart of my motivation to push myself to achieve my goals and to be forthright in all that I do. My husband, Son, is my biggest source of support, my coach and my best friend. I am truly blessed with a loving husband and four great children who collectively strengthen my resolve to be the best at all my endeavors. I can be a wife and mother and still be a successful Realtor because I tackle everything with all that I have. My motto is ‘Working Hard To Get Homes Sold’ for a reason. I am thrilled that so many families have made me their real estate consultant.” A commitment to professionalism, an empathetic and understanding approach to her clients and an unstoppable and dependable force from her family all ensures success for Carin and most importantly, her clients

    Leave a Reply