What is a Housing Bubble? Is One Forming?
By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
What is a Housing Bubble? Is One Forming? Real Estate with Pat Baker Get in Touch What is a Housing Bubble? Is One Forming? July 7, 2015 For Buyers, For Sellers Facebook Twitter LinkedIn Google+ Print The recent talk of Greece and its financial challenges has some questioning whether the U.S. could also return to the crisis we experienced in 2008. Some are looking at the rise in real estate values and wondering whether we are in the middle of another housing price bubble. What actually is a price bubble? Here is the definition according to Jack M. Guttentag, Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania: “A price bubble is a rise in price based on the expectation that the price will rise. Sooner or later something happens to erode confidence ...
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