Sedona Homes Online

#1 Sedona Real Estate & Sedona Home Search - Sedona AZ Foreclosure Homes

(928) 451-6098
  • Home
  • Search
    • Featured Homes
    • Personal MLS Portal
  • Local Info
    • Service Providers
    • Utilities List
    • Sedona History
    • Schools
    • Real Estate Taxes
  • Buyers/Sellers
    • Buyers
    • Sellers
    • Why Work With A CRS?
    • Calculators
    • Arizona Buyer Advisory
  • Contact
    • About Troy & Susan
    • Sedona Real Estate Blog
    • Reviews
  • Search
  • What’s it Worth?
  • ContactGet in Touch
    • About Susan & TroyAll About Us
You are here: Home / Sedona AZ Real Estate / A Housing Bubble? Industry Experts Say NO!

A Housing Bubble? Industry Experts Say NO!

November 9, 2017 By Troy

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

With residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008.

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.”

Powered by WPeMatico

Filed Under: Sedona AZ Real Estate Tagged With: Sedona real estate

Contact Us

Sedona AZ Real Estate Broker Susan Deierling, ABR, CRS
Assoc. Broker
Realty Executives
Northern Arizona
Sedona AZ
(928) 451-6098 mobile/text/VM
(888) 494-0470 (US & Canada)
susan@sedonaemail.com

Contact Me | About Us

Sedona AZ Homes for sale Troy Deierling ABR CRS
Realty Executives
Northern Arizona
Sedona AZ
(928) 202-0700 mobile/text/VM
troy@sedonaemail.com

Contact Me | About Us

Contact Susan

Sedona AZ Real Estate Broker Susan Deierling, ABR, CRS
Assoc. Broker
RE/MAX Sedona
Sedona AZ
(928) 451-6098 mobile/text/VM
(888) 494-0470 (US & Canada)
susan@sedonaemail.com

Contact Me | About Us

Contact Troy

Sedona AZ Homes for sale Troy Deierling ABR CRS
RE/MAX Sedona
Sedona AZ
(928) 202-0700 mobile/text/VM
troy@sedonaemail.com

Contact Me | About Us
Realtor MLS HUD

Deierling & Deierling PLLC // All Rights Reserved Copyright © 2021 · Log in

Sedona home search

Sedona Homes Online Sitemaps | Post | Pages | Video | Category | Author | HTML

The data relating to real estate for sale on this website comes in part from the Sedona Verde Valley Multiple Listing Service (MLS). Listing broker has attempted to offer accurate data but is not guaranteed accurate by the MLS. All information presented is deemed reliable but not guaranteed. IDX is provided exclusively for consumer's personal, non-commercial use; and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use outside of this purpose is prohibited.