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.
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