Posted June 17 2015, 9:15 AM PDT by Matthew Gardner, Chief Economist, Windermere Real Estate
No Housing Bubble in Sight - For Now
Matthew Gardner, Chief Economist, Windermere Real Estate
Exactly 10-years ago this month, Alan Greenspan was asked if he had any concerns regarding the housing market. At that time, he emphasized that he saw no sign of a nationwide housing bubble, but he did have concerns over "froth" in the market and pointed to a big increase in the purchase of investment properties -- particularly in second homes. As a result, he said, there are "a lot of local bubbles" around the country, but not at a national level.