Wednesday, August 17, 2005

Housing Bubble Makes Morning News

There it was, right there on The Early Show — The Housing Bubble.
If you listen to the experts, who observe national housing market trends, you’ll come away with a sense of comfort in that most are not predicting a decline in home prices, but a cooling off in the rate of home price growth is more likely. But don’t let this view of the national home market provide a false sense of security.

While it is true that there has not been a decline in median home prices since the National Association of Realtors began compiling data in 1968, there have been plenty of real estate boom-to-bust cycles in local markets.