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Facing Fear in the Housing Market
What's Your Problem?
Is There a Bubble?
People buying houses are living in them, for the most part, and they're paying cash. When we talk to sellers about discounting their house so it can sell, that conversation is so different now than it was in two thousand eight. People are buying homes because there is this unbridled lust for more space a people are investing more in their houses. So they are just not over their skis. And here it isn't a bubble in the most strict definition of the term, which is that someone is buying the home only on the expectation that it will go up purely as a matter of speculation.
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