There’s More to a Bubble Than Rising Home Prices

Posted Posted in Blog, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers

What truly causes a housing bubble and the inevitable crash? For the best explanation, let’s go to a person who correctly called the last housing bubble – a year before it happened. “A bubble requires both overvaluation based on fundamentals and speculation. It is natural to focus on an asset’s fundamental value, but the real […]

The Real Reason Home Prices are Increasing

Posted Posted in Blog, Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are […]