How Scary is the Housing Affordability Index?
Some industry pundits are saying that the housing market may be heading for a slowdown. One of the data points they use is the falling numbers of the Housing Affordability Index, as reported by the National Association of Realtors(NAR). Here is how NAR defines the index: “The Housing Affordability Index measures whether or not a typical […]
Warren Buffett: There is No Housing Bubble
With home prices expected to appreciate by over 5% this year, some are beginning to worry about a new housing bubble forming. Warren Buffet addressed this issue last week in an article by Fortune Magazine. He simply explained: “I don’t see a nationwide bubble in real estate right now at all.” Later, when questioned whether […]
Further Proof This Isn’t a Housing Bubble
Further Proof This Isn’t a Housing Bubble Two weeks ago, we posted a blog which explained that current increases in home prices were the result of the well-known concept of supply & demand and should not lead to conversations of a new housing bubble. Today, we want to look at home prices as compared to […]
Yes, Home Prices Are Rising in Tucson. No, a New Housing Bubble is NOT Forming
Yes, Home Prices Are Rising in Tucson. No, a New Housing Bubble is NOT Forming We recently reported that home prices are continuing to rise across most of the nation. This has created concern in some pundits that a housing bubble, like we saw ten years ago, is forming again. We want to explain why […]