this post was submitted on 09 Jul 2024
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Housing Bubble 2: Return of the Ugly
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I'm decently close to real estate and everything I'm seeing is low low inventory. I'd love for this chart to be true I just haven't seen it.
I talk about similar things with my co-workers from time to time. Prices are high, but the risk isnt outside the range of normal, this isnt 2008 where there were tons of bad loans just a gnats hair away from defaulting.
If someone can explain how a bubble can exist right now or what would cause prices to go down, please let me know (or resources where I can read more on it).
I could see a bubble of too many homes for sale and not enough people buying. Not really a huge crash but it would cause prices to ease up. I'm currently looking to buy a new home and the longer I wait the more I'm seeing prices continue to drop.
Except that is pretty region specific. I would understand that being the case in climate evacuation areas where the insurance market has fled. But in most parts of the country I have been led to understand that there are few people trying to sell because they have locked in good interest rates.