Harris County GA | A Housing Bubble? Industry Experts Say NO!

November 27, 2017

A Housing Bubble? Industry Experts Say NO! | Simplifying The Market

Harris County GA | A Housing Bubble? Industry Experts Say NO!

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.”

If you have any questions about Harris County GA, the schools, the amenities or the surrounding community, don’t hesitate to call me at 706.662.0125. I will be happy to help you. I specialize in Harris County GA and  also live here.

To reach me, please call 706.662.0125
Or send me an email to: bunn947@gmail.com 
Thinking of selling your home? Let John take over the marketing of your property!

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