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Officially sighted: The first “housing bubble” warning
Federal Reserve issues a warning over “signs of a brewing U.S. housing brewing bubble”
Officially sighted: The first “housing bubble” warning
____________________Boston real estate
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Updated: Boston Real Estate Blog 2022
Remember how many people kept predicting that we had “hit the bottom” during the recent housing market collapse — only to see the market hit a new low a month later? The bogus predictions literally went on for years, even becoming a running joke.
Of course, some of the forecasters were eventually proved right, like a stopped clock being right twice a day, as the market seemed to have finally hit bottom some time last year.
But now some forecasters are seeing — yes! — a “housing bubble” in current stats.
You read it here first: The first official sighting of a “housing bubble” warning, sort of like a bird watcher spotting a rare yellow bellied eremomela high up on a mountain peak. It’s so exciting!
File under: Yellow bellied eremomelas
Update: Housing prices rose last month across the US. So it’s true! It’s a housing bubble!
Update II: It’s a Tulip Bubble!
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Updated: 2021 Boston real estate blog
