Sorta OT Housing Bubble

Quick poll. I know all real estate is local, but do you think we are currently in the US in a housing bubble? Defined as SFH housing prices, on average will fall 20% or more nationally from current values at some point within the next five years?

My vote: Yes!

Yours? --192.159.xxx.xxx

Sorta OT Housing Bubble (by elliot [RI]) Posted on: Sep 21, 2017 9:51 AM
Message:

It was discussed in a local radio show this morning.. price has gone up 5% from last year (or more), but the income hasn't. They were talking about Boston market..

2 days ago, my tenants in a marginal neighborhood gave me notice to leave by end of month that they "got" a house and closing was quick than they thought. I can't picture future home owners from that area..

bubble is brewing.. don't know when it will pop.. Single or Multi.. (in Providence area) --73.16.xxx.xxx

Sorta OT Housing Bubble (by WMH [NC]) Posted on: Sep 21, 2017 9:57 AM
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In a word, yes. I see way overpriced houses here - nothing within our range anymore. BUT I don't see them selling, either. --173.22.xx.xx

Sorta OT Housing Bubble (by Deanna [TX]) Posted on: Sep 21, 2017 10:42 AM
Message:

My specific area, no.

Some parts of Texas, I would have said yes a month ago. (*cough*Austin*cough*) Harvey really shuffled things up, so I have no clue about the major Texas markets.

--96.46.xxx.xx

Sorta OT Housing Bubble (by Amy [MO]) Posted on: Sep 21, 2017 10:46 AM
Message:

Yes, in some areas of my city. Lots of pockets with bubble markets. --136.32.xxx.xxx

Sorta OT Housing Bubble (by Oregon Woodsmoke [OR]) Posted on: Sep 21, 2017 11:20 AM
Message:

Yes and no. I think that supply still hasn't caught up with demand. Building stopped for about 10 years but the population kept growing.

Again, though, mortgages are being given to people who can't afford them, and zero down mortgages given to people who can't pay. I think that's where we got in trouble last time. --70.199.xxx.x

Sorta OT Housing Bubble (by Oregon Woodsmoke [OR]) Posted on: Sep 21, 2017 11:22 AM
Message:

Adding this: real estate has always run in cycles. Prices go up and prices go down. Rinse and repeat. That does not mean there is a bubble. --70.199.xxx.x

Sorta OT Housing Bubble (by S i d [MO]) Posted on: Sep 21, 2017 11:44 AM
Message:

I don't know enough about the national market to say yes or no. I plan to be ready to profit from it regardless of when it comes. --173.19.xx.xxx

Sorta OT Housing Bubble (by TA [CA]) Posted on: Sep 21, 2017 12:34 PM
Message:

20% from where they are now, or 20% from when they peak? --75.149.xx.x

Sorta OT Housing Bubble (by RathdrumGal [ID]) Posted on: Sep 21, 2017 12:50 PM
Message:

Yes, I see a bubble. We are back to zero down VA loans, all the millennials I work with suddenly want to buy houses -- even the "Bernie Bros".

JR -- do you read the Dr. Housing Bubble blog? It is So Cal based, and the prices are no where near where we are in fly over country, but the comments are fascinating. --98.146.xxx.xx

Sorta OT Housing Bubble (by David [MI]) Posted on: Sep 21, 2017 12:56 PM
Message:

considering the prices roy and others can buy houses at, no, there's not a bubble. there are many cheap areas and people should not stay in areas they obviously can't afford --12.156.xxx.xx

Sorta OT Housing Bubble (by Ken [NY]) Posted on: Sep 21, 2017 1:49 PM
Message:

I say yes,I am selling what I can now at what I consider inflated values --72.231.xxx.xxx

Sorta OT Housing Bubble (by Dave [MO]) Posted on: Sep 21, 2017 3:44 PM
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No, It's defiantly a sellers market but I don't see a bubble, anytime soon. --72.24.xx.xx

Sorta OT Housing Bubble (by Pmh [TX]) Posted on: Sep 21, 2017 5:10 PM
Message:

This time prices up bc shortage of supply. that is free mkt. last time was speculation. So no bubble. Is supply & demand. I sure wish CA buyers would not keep moving to TX, spending CA proceeds on TX prices. All my tax appraisals have gone up 200% in two years. --166.137.xxx.xx

Sorta OT Housing Bubble (by razorback_tim [AR]) Posted on: Sep 21, 2017 5:53 PM
Message:

At this point, we don't have the fundamental flaws in the market that we had prior to '08 that caused the nation-wide crash. We are dealing more with local markets now. Of course, the health of the national economy is important, but for the most part we are talking local or regional markets. In my market I believe the answer is no. Yes, it's a seller's market. I closed on a sale last week. We had it under contract 8 days after listing it. But most homes are being bought by homeowners not "investors" who are buying a home at full retail (or more) expecting 10% appreciation every year for the next 5 years before they sell. Just because more people are interested in being homeowners, including millennials, doesn't mean we are in a bubble. It just means people understand the value of buying a home. Many millennials are getting to the age that they are starting to have families, which we should expect to result in more interest in owning a home. --70.178.x.xx

Sorta OT Housing Bubble (by AllyM [NJ]) Posted on: Sep 22, 2017 9:10 AM
Message:

I don't see that at all. There are states where real estate is overpriced and other states where houses are bank owned and not selling like in my neighborhood. The guvmint is again giving out loans and grants so some areas might go up but remember the Baby Boomers like me are dying off so expect more housing to be available and more to be sitting empty. --73.33.xxx.xxx

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