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Ambassador
3,617,672
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Not here - we are still suffering with painfully low inventory.

Feb 22, 2020 09:59 PM
Rainmaker
3,557,561
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It seems bubbles of all kinds are often created by thoughts...

Feb 22, 2020 08:21 PM
Rainmaker
1,531,544
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

No, I don't believe so. Prices are higher here then they were the same time last year, but inventory is low which would explain that.

Feb 23, 2020 05:17 AM
Rainmaker
1,710,516
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Not so here in Minot ND Tony Lewis . We have been holding very steady since 2005 when our oil boom came to an end. 

Feb 23, 2020 05:14 AM
Rainmaker
3,378,972
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

No it does not. Just because prices are high does not mean there is a bubble. You need to know the reason behind the high prices. In my market it's the lack of inventory that is causing home prices to rise... economics 101 if you ask me... it's all about supply and demand. Now, if you have a ton of inventory and prices are rising you might have an argument for a bubble.

Feb 23, 2020 05:07 AM
Rainmaker
972,056
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

No, they've been that way for 8 years in CA; NO BUBBLE.

There is high Demand and low supply, which is a law, not a symptom.

 

NO BUBBLE

Low unemployment and high consumer confidence, NO BUBBLE.

Low rates and robust economy,  NO BUBBLE.

NO BUBBLE

Mortgages are about as easy to get as a protology exam during an audit.

 

NO BUBBLE

Buyers have the money and the ability. 

NO BUBBLE

We're quite good in the hood.

Feb 22, 2020 11:39 PM
Rainmaker
1,287,962
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

No.  Prices have been steadily rising for quite some time.  Interest rates being so low have helped considerably.

Feb 22, 2020 10:25 PM
Rainmaker
679,468
Peter Mohylsky, The Beach is closed but I am open.
PrimeSouth Properties - Santa Rosa Beach, FL
I AM STILL OPEN FOR BUSINESS ALONG THE BEACH

No, quality inventory is low.

Feb 23, 2020 03:31 AM
Rainmaker
550,230
Francine Viola
Coldwell Banker Evergreen Olympic Realty, Olympia WA - Olympia, WA
REALTOR®, In Tune with your Real Estate Needs

Prices are high but.... with the current interest rates lower than last year, it's actually cheaper to buy now than last year in my area.  I was shocked when I looked at the average interest rates and average home sales price between this year and last year, and the P&I payment is actually lower this year.  So....this may not be a bubble (or as bad as it appears) but I do agree - I am shocked at the prices in my area.

Feb 22, 2020 07:26 PM
Rainmaker
2,858,317
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Oh. Heavens. No. 

Not overnight. Its been an escalation of prices for years in my San Jose Silicon Valley California market. 

Feb 23, 2020 10:05 AM
Rainmaker
195,514
Eva B. Liland Century 21 Doug Anderson
Century 21 Doug Anderson - Lancaster, CA
Glad to be of Service 661-714-1643

Thanks to the low interest rates, you can still afford to buy a home now even though prices seems to go up and up and I see no end for it to slow down. However, the Corona virus might change that... Only time will tell.

Feb 23, 2020 02:09 AM
Ambassador
4,570,016
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

not overnight, it has been building for quite some time.

Feb 22, 2020 09:30 PM
Ambassador
4,168,312
Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

Prices have been rising for years now, but I think affordability has improved, compared to the past, looking at interest rates and salaries. The bigger issue is inventory.

Feb 22, 2020 08:29 PM
Ambassador
1,698,136
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Helping you find your way home.

Not here.  Greater Chicagoland has seen modest increases over the last 2-3 years... very sustainable.

Feb 22, 2020 07:15 PM
Rainmaker
4,271,102
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We climbed for 7 solid years at a good rate, then it slacked off for 18 months, and back with a vengeance.    No bubble.   

Feb 23, 2020 10:06 AM
Rainmaker
441,409
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Yes prices are high - but inventory is very low.  And our town continues to grow. No bubble here until inventory starts to grow.

Feb 23, 2020 08:23 AM
Rainmaker
1,876,845
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

The continuing Scarcy could be inflating on

Feb 23, 2020 06:07 AM
Rainmaker
773,431
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Many people and agents overprice. I've been seeing posts by agents saying things like: Spring Market is here early, The Amazon effect is real and driving prices up -better buy now, there's no inventory, I have several pre-approved buyers - call me to sell now, etc.

Feb 23, 2020 05:11 AM
Rainmaker
2,534,173
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

High and holding...What can you do? The race is on to own and keep owning

Feb 22, 2020 07:15 PM
Rainmaker
467,384
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

No bubble, and not overnight. Supply and demand rules.

Feb 23, 2020 12:52 PM
Rainmaker
4,745,161
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Tony,

The only bubbles we are seeing is in my glass of Champagne.  And once again, I repeat that I am in agreement with Michael Jacobs 

Feb 23, 2020 11:49 AM
Rainmaker
5,689,389
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Not in our area.

Feb 23, 2020 09:49 AM
Rainmaker
1,590,749
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

No not at all.

Feb 23, 2020 06:46 AM
Rainmaker
1,364,849
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Prices are definitely going up. Getting ready for the spring market, I guess!

Feb 23, 2020 06:24 AM
Rainmaker
3,493,295
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not so much in my area where factors are holding prices down!

Feb 23, 2020 06:16 AM
Rainmaker
3,125,793
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It certainly has not been over night here in NH, it is building with limited houses for sale and unlimited buyers ready to buy. Builders who raised their prices and saw their sales stagnant, have lowered some prices on homes already up here. 

Feb 23, 2020 05:48 AM
Rainmaker
802,670
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

A bubble, in my opinion, is the result of the influence of something that is distorting reality. Very much like Bank of America was able to do creating FAKE money so people could buy houses and pass the bill to the tax payer.

I see, at this time, no such influence creating results that are a distortion.

Now, Bernie just might impose the influence needed to create distortion.

Feb 23, 2020 05:29 AM
Rainer
77,185
Jerrill Ewing
N & J Lake Properties, LLC - Eatonton, GA
Builder

slow and steady growth in this market

Feb 23, 2020 02:32 PM
Rainmaker
749,676
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

The word "Bubble" stimulates one to think of an upcoming burst. That is not what is happening. Inadequate inventory in the face of strong buyer demand will push up prices. Economics 101.

As a homeowner in the San Francisco Bay Area, I do not think my house would be "ridiculously high" priced if it was offered for sale. If I was a buyer, I would realize that the price to live here is challenging. If I was not up to the challenge, I would seek to live elsewhere. Renting as an option is also challenging in this area.

Feb 23, 2020 06:38 PM
Rainmaker
1,065,077
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Not with all these unfilled openings at Apple, social media, autonomous vehicles, 6 electric vehicles, 5 smart phone development centers stealing other employees. A modest 1,400 sf 60 year old termite infested home will get taken in 2 days with low $2M in a rating 6-7 school neighborhood.

Ain't got no sheep skins one can try at Tesla working program PLC as a car number pusher. Build cars at jammed parking lot.  Got musles but no brains take a job as a construction worker. Everywhere there are high rises needing workers.

Want to take a break go back to college taking an intern position. Apple offer $90K, FB offers $100K learning what work is like.  If all fails stand at street corner taking  $25 an hour. I gave out bottle H2O now.

Feb 23, 2020 06:55 AM
Rainer
165,171
Merv Edinger & Associates
Remax Nova - Halifax, NS

I have been selling real estate locallly in Halifax Nova Scotia for nearly 27 years now. I have heard the predictions of a real estate bubble popping more tuimes than I can count. For the various buyers that I have met that relied on generalized market condition reports instead of more acurate local ones, who have told us that they were going to wait for the bubble to burst so that they could buy a home cheaper: News flash! Bubble still hasn't happened here. You could have bought & sold that home you looked at 6-10 years ago & had $100K in your pocket or towards your new home by now. 

Feb 24, 2020 09:28 AM