It's possible in that in some of these cities it's a housing bubble, but in many cities (like mine) it's not a bubble... it's a supply and demand issue. Prices are going up due to lack of supply, unlike 10 years ago when supply was plentiful and prices were going up. 

Nice survey I guess if you like pictures. There are always going to be pricey areas vs wages. I think it's called the state of California.

Most of those area have gained the most equity the fastest. Popular areas are just going to do that.

I don't think we have a bubble, the fraudulent forces aren't there anymore. I believe we are back to market cycles that have value resets.

I think too many people think they have a crystal ball...

Just like all those that predicted the Trump could never win.

Eve

Life goes on.

Often we get what we expect, and an article is sometimes the start of that expectation.

What goes up must come down.

Markets are cyclical.
Real estate is local, regional and hyperlocal.
🎶And The Beat Goes On on on on🎶

The article includes quite a few areas that people are moving out. Herein NH where we have a mass influx of relocations, there is no bubble. That does not make it a bubble. The key factor is interest rates. If they raise them too fast they will throw the brakes in the market

I do not believe that we will see a market crash like 2007. That market had many factors that we do not have now.

I do believe that certain markets where wages are not keeping pace with home prices, will see a correction. For example, south Florida. We may see a slight correction in the market and I can see prices coming down a little. That said, even with a 10% to 15% correction in our market, we would have enough sellable inventory and equity to keep deals moving through the pipeline.

AND that is the KEY .... sellable inventory. (fewer people burred in their homes, fewer foreclosures)

A shift is due...Note: Bubbles come (and go)  in different sizes

I higly dislike and suspect overt minipulaton when words like Bubble and Crash are used to describe market corrections.  When prices exceed available money, then prices will be adjusted.

No one is createing FAKE MONEY like Bank of America did in 2004.

There are not observables like 'IF you can fog a mirror' you get a mortgage.

The real crash in the real estate agent market will be technology driven.

Price adjustments after 10 years of steady price increases should be expected.

Talking heads who are not in the thick of our real estate market - they're rampant!

Charlotte is in 'critical shortage' mode right now and it's going to take a long time to recover from our 1.9 month supply. I don't see a bubble in our future for a long time! (At least that's what my crystal ball is telling me!)

Thank you Carol Williams so glad the name of my city was not there.....

I'm sticking with "not a bubble" but a supply and demand issue.  High demand & low supply equals increased prices to the point of homes not being affordable.  The smart money is lowering their prices already and selling their homes.

We are definitely going through a price adjustment period here in my area, especially in the properties over 2M.  Some price brackets have an over 2 year absorption rate.

But like always, if you're listing is priced right for your location, condition and market - it should sell. 

If you predict something often enough, eventually you're right. I can't speak for most markets, but in mine we're slowing, but not popping.  When you're traveling at 70 mph and you have to slow down to 45, it feels slow, but your still making progress.  Instead of double digit annual appreciation we may only see 5% to 7%.  Too many limits on housing, and too many good employers in the greater Seattle area for things to go backwards in the foreseeable future. 

no housing bubble in the Boston MA area...

I just took a gander.  I know nothing about those areas so I have no take.  I am surprised to see a County next to mine on the list yet not my area.  Too many experts in the world that want to yell from the rooftops the sky is falling ... gloom and doom.  As others have suggested, supply and demand are at play as is mortgage lending practices which no longer give loans to dead people. 

Carol,

Everything is possible.  I have seen these type of articles for the last several years...A

Saw it.  But, being in Silicon Valley, we are just having a slowdown but still have appreciation.

I don't have a take.  I don't know how well their crystal ball is working.

No I didn't see this. Yep, prices are high and getting higher, and affordability is an issue but I don't think the conditions are quite the same.

No bubble, no trouble. Life goes on!

Supply + Demand  x  low unemployment = NO BUBBLE

Having been through an actual "bubble" I can't be fooled into the sky is falling.

No bubble here.  We have low unemployment, low interest rates, and no crazy appreciation.

Thank you for sharing.

Live for Today ???

Supply & demand is the big issue in our market and prices are not increasing like they did in 2005-06. However most trends start on the West coast and spread East.

Thanks for the link.

 Tallahassee didn't make the list.  I suppose that's a good thing!

I agree with Sam. Here in Sonoma County, just an hours drive north of the Golden Gate, our median home price hit a record of $705,000 in June +13% YOY but in July it came back to earth to $653,000 +3% YOY. Sales have sucked since May with steady decreases. August sales won't break this trend. Prices are softening, price reductions are broadbased. Inventory is increasing because our anemic sales can't absorb the new listings. What creates a Bubble? Rampant speculation, EZ money, tons of homes to choose from. California ain't there! What's going to stop this market is affordability. Spoke with a large loan originator today and they sale the loans are at 2008 levels. They have a ton of buyers but many are at 50% ratios--rates tweak a bit and they are out of the market.  Go on and play your fiddles--i'm monitoring this market with a juandiced eye! 

The only bubble when people start losing their jobs.

If we look back in history when we were in bubbles noone would listen. It's kind of like the cone of silence on Get Smart - ignore and march on.

I do see slowing in many markets

I guess it's possible is those cities, but we have plenty of inventory to sell here and prices are still very good but rising

It says I will barely miss it between SF and East Bay.  But...

The clue come from job numbers. This cycle in Silicon Valley & SFBA it is the stock options that precipitate the craze. Can you blame momentum high tech companies throwing huge wage and stock incentives by giving away freebies? These workers will not worth 1/3 what they are getting if they go to another US city. These companies are funded by investment companies and are mostly gambling better technology will produce corporate profits. Many of these high flyers are milking the Dot Com failed ideas. Some ideas get now more support than 10-15 years ago because of better wireless technology. Likewise can we use another social media or bed breakfast or cash out payment systems?

I watched the movie "The Big Short" and contemplate if another crisis is coming this way. This time housing crisis will be based on not having incomes to pay for mortgage. Last time it was the subprime mortgage that costed US 3 trillion dollars and created 2 million homeless families. If the stocks took a 20% loss in value as proposed you will immediate see funding not coming from the VC bankers. Sharp decrease in options.  You will see people stop buying homes and more are opt to unload due to job losses.  The inflation figures reported do not include food and cheap energy. The unemployment figures of 1.5% here does not include people who are stop working.   

Mark Cuban, Michael Burry have the instints when to stop. Both come from blue collar class and put the break on before others. They put their money in the bank already.  Only the fools think there is no end to a growth. Leverage and use borrowed cheap money for future expansions.  We are close to another melt down and this time it can be from fiscal policy. The Trade War if lingering long will have a pronounced impact on the America economy.       

I was wondering where the outflow of Californians were heading?

I hadn't seen it until your share I'll try to take a look at this a bit later in the week.

Glad Denver is not on the list.

Glad to see Denver was not on this list, but we are feeling a slight slowdown, and will see after Labor Day if it picks back up! 

I believe it and the same applies to the SoCal Market. We have encountered many instances of wages not keeping pace with home prices so many potential buyers can no longer qualify for mortgages

I'm surprised to see Tennessee and Texas have cities on the list.  The rest... well when you pay a burger flipper $15 an hour what can you expect.

To me some entites made a lot of money from the b ad luck of others and do not know how to make money now in a good market

Carol Williams - well my buyers are 'WINNING' in this so-called bubble.