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Is the housing market in a bubble? Here's what 32 real-estate experts say.

·1 min read
housing crisis foreclosure great recession
REUTERS/Robert Galbraith

Using the eye test, it might seem at first glance like the US housing market is in a bubble that's ready to burst.

There's been a steep spike in home prices over the last two years amid a buying frenzy. And now long-term mortgage rates are surging as well as the Fed hikes interest rates, climbing from 3% to more than 5% since the beginning of 2022.

But bubbles are hard to call, as is timing them. So, what do the experts say?

Earlier this month, we asked 32 real-estate experts these simple questions: Is the US housing market in a bubble? Why or why not?

A majority of their answers amounted to a no, for a variety of reasons. But six of them said yes, and warned of a decline in prices ahead.

To read their answers in detail, see our full story below.

Are we in a housing bubble? We asked 32 experts, and most said no. They explain their answers and offer insight about what we could see with housing prices in the coming months.

Read the original article on Business Insider

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