Omaha Real Estate: The Trumm Team Omaha Homes for Sale, Real Estate (Keller Williams Greater Omaha)

A New Housing Bubble Forming…Not Before 2024!

A New Housing Bubble Forming…Not Before 2024! | MyKCM

A recent report by CoreLogic revealed that U.S. home values appreciated by more than 37% over the last five years. Some are concerned that this is evidence we may be on the verge of another housing “boom & bust” like the one we experienced from 2006-2008.

Recently, several housing experts weighed in on the subject to alleviate these fears.

Sean Becketti, Freddie Mac Chief Economist

 “The evidence indicates there currently is no house price bubble in the U.S., despite the rapid increase of house prices over the last five years.”

Edward Golding, a Senior Fellow at the Urban Institute’s Housing Finance Policy Center

 “There is not likely to be a national bubble in the way that we saw the first decade of the century.”

Christopher Thornberg, Partner at Beacon Economics

 “There is no direct or indirect sign of any kind of bubble.”

Bill McBride, Calculated Risk

 “I wouldn’t call house prices a bubble.”

David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices

 “Housing is not repeating the bubble period of 2000-2006.”

A recent article by Teo Nicolais, a real estate entrepreneur who teaches courses on real estate principles, markets, and finance at Harvard Extension School concluded that the next housing bubble may not occur until 2024.

The article, How to Use Real Estate Trends to Predict the Next Housing Bubble, looks at previous peaks in real estate values going all the way back to 1818. Nicolais uses the research of several economists. The article details the four phases of a real estate cycle and what defines each phase.

Nicolais concluded his article by saying:

“Those who study the financial crisis of 2008 will (we hope) always be weary of the next major crash. If George, Harrison, and Foldvary are right, however, that won’t happen until after the next peak around 2024. 

Between now and then, aside from the occasional slow down and inevitable market hiccups, the real estate industry is likely to enjoy a long period of expansion.”

Bottom Line

The reason for the price appreciation we are seeing is an imbalance between supply and demand for housing. This has created a natural increase in values, not a bubble in prices.

 

A New Housing Bubble Forming…Not Before 2024!
share
A recent report by CoreLogic revealed that U. S. home values appreciated by more than 37% over the last five years. Some are concerned that this is evidence we may be on the verge of another housing “boom & bust” like the one we experienced… more
Competition is Coming, Are You Thinking of Selling Your Home?
share
The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U. S. Census Bureau and U. S. Department of Housing & Urban… more
NEW LISTING! Papillion Home for Sale in Eagle View
share
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4, 000 TO $7, 000! CALL 402-676-6700. This unbelievably amazing home has been PRE-INSPECTED and is waiting for you. The beautiful kitchen has gorgeous hardwood floors, a backsplash, stainless steel… more
NEW LISTING! Omaha Home for Sale in Wycliffe
share
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4, 000 TO $7, 000! CALL 402-676-6700. New Listing! This home has a beautiful kitchen with gorgeous flooring. Big windows bring natural light in and the cathedral ceilings complete the look by providing… more
NEW LISTING! Split Entry Home for Sale in La Vista
share
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4, 000 TO $7, 000! CALL 402-676-6700. Step inside and see for yourself this amazing well-maintained home across from La Vista West Elementary and walking distance to the community center and three parks… more
80% of Renters Believe Homeownership is a Part of Their American Dream
share
According to the latest Aspiring Home Buyers Profile by the National Association of Realtors (NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part of achieving their American Dream… more
2 Ways to Get the Most Money from The Sale of Your Home
share
Every homeowner wants to make sure they maximize their financial reward when selling their Omaha home But how do you guarantee that you receive the maximum value for your house? Here are two keys to ensure that you get the highest price… more
NEW LISTING! Omaha Home for Sale in Wildewood
share
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4, 000 TO $7, 000! CALL 402-676-6700. This Ralston home has something for everyone. Remodeled kitchen, newly painted and with new cabinets. Downstairs is a wood burning stove, updated flooring and newly… more
NEW LISTING! Ranch Home for Sale in La Vista
share
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4, 000 TO $7, 000! CALL 402-676-6700. Come inside and discover this sweet ranch in La Vista. This home is perfect as a starter home or investment property. With three bedrooms it is larger than most of… more
Which Comes First… Marriage or Mortgage?
share
According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2017 at 57% of all buyers. It is no surprise that having two… more