Are we in a bubble?
Who cares about the label.
All that matters is whether the bubble going to burst.
Four reasons why it won’t:
- No easy money – buyers have to be solid qualifiers.
- Foreclosures are extinct.
- Everyone has loads of equity (except 2021 buyers).
- No easy place to move to.
For the bubble to burst, we would need an event to drive down prices. Sellers would have to panic and cheap-sell for less to start a downward cycle. Even an earthquake probably wouldn’t be enough.Link to Wolf Article