We are definitely not in a housing bubble!
As home prices continue to rise across the U.S., the dreaded b-word is beginning to be heard in some overheated markets.
However, many companies insist that despite the 8.3 million low-income residents who can’t afford their local rent, according to a new study from the U.S. Department of Housing and Urban Development, the housing market is still not in a bubble.
The most recent Case-Shiller results pointed out the housing market is growing more expensive, however it is not about to repeat the bubble years.
Ten-X, an online real estate company, became the latest company to explain the housing market is not at risk of a bubble anytime soon, according to an article from Seeking Alpha. The chart below from Bloomberg shows home prices already passed up the 2005 and 2006 levels.
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