This Isn't a Bubble

By
Mortgage and Lending with ChangeMyRate.com® A Mortgage Corporation NMLS #1326269

The U.S. housing market is on a hot streak with double-digit annual gains in home prices, bidding wars, and surging buyer demand. That type of soaring housing market is prompting more “bubble” fears in some corners, but economists say the housing market isn’t getting overinflated.

“We have strong conviction that we are not experiencing a bubble in U.S. housing,” Vishwanath Tirupattur, a Morgan Stanley strategist, wrote in a note to clients this week.

Lawrence Yun, chief economist of the National Association of REALTORS®, agrees. He told Axios last month: “This is not a bubble. It is simply lack of supply.”

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Comments (2)

Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

May 09, 2021 01:52 AM
Jackie A. Graves

Hi Richard, thank you for your comment. Stay posted for future blogs and make it a great day. 😊

May 09, 2021 06:19 AM
Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

Jackie,

Good information, however we do need this market to slow down.  Maybe an adjustment?  Bill Salvatore

May 09, 2021 05:51 AM
Jackie A. Graves

Hi Bill, thank you for your comment. Stay posted for future blogs and make it a great day. 😊

May 09, 2021 06:19 AM