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Update Dallas | A central hub for market and real estate news affecting the Dallas region.

A central hub for market and real estate news affecting the Dallas region.



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Is Another Housing Bubble Possible? Only in the Headlines

August 12th, 2013 | by The Update
No-Housing-Bubble-on-the-Horizon-Expert-Says-in-Dallas.jpg

Rick Sharga, an executive vice president at Auction.com, is tired of reading about the looming housing crisis. That’s because, he says, rising home prices don’t mean a bubble’s on the way.

Here’s how he puts it, in this excerpt from HousingWire’s ReWired column:

Like Freddie Krueger in the “Nightmare on Elm Street” movies, the specter of a Housing Bubble keeps popping up in the media, spooking those poor souls who remember how badly the last movie ended. But are we really about to see a sequel to the last boom and bust cycle? I don’t think so, for a number of reasons.

Reason #1: Home prices are about where they should be.

Reason #2: We’re experiencing a bounce, not a bubble.

Reason #3: Rising interest rates appear to be slowing home price appreciation.

Reason #4: Supply and demand are beginning to balance out.

Reason #5: Credit remains tight.

While double-digit price gains can’t go on indefinitely without creating a bubble, what we’re seeing now is a recovery accelerated by low inventory and high levels of investor activity. A few markets may be overheating a bit, but we’re already seeing market forces cool things off. So eat your popcorn and enjoy the movie – Nightmare on Main Street won’t be playing any time soon.

Click here to read the full article in HousingWire.

Click here to read more news about real estate and the economy in Dallas-Fort Worth.

Briggs Freeman Sotheby’s International Realty is Dallas’ luxury real estate leader, with more than 190 agents in five offices located throughout Dallas-Fort Worth and access to the global Sotheby’s network, including more than 11,000 agents in 600 offices worldwide. CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty. For more information on escapes and second homesranch and land, and luxury homes in the Dallas-Fort Worth region and beyond, go to briggsfreeman.com.

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