Here they are folks - National Association of Realtors' (NAR) talking points used to calm freaked out buyers and sellers. Aren't they great? The nice thing is after it bursts, we'll have this smoking gun to shove back in their face
There is virtually no risk of a national housing price bubble, based on the fundamental demand for housing and predictable economic factors. It is possible for local bubbles to surface under the right circumstances, but that also is unlikely in the current environment. There are tight supplies of homes available for sale in most of the country, and labor markets have been improving. In other words, the two conditions necessary for price softness do not exist in most of the country.
November 19, 2005
Posted by blogger at 11/19/2005