What’s the Worry? Housing Bubble Concerns Unjustified in Current Recovery
Only a few days into the New Year and already we’re hearing worries about a bubble in the recovering U.S. residential housing market. It seems that some analysts can’t go one year without an overhanging fear of catastrophe.
While most cities are seeing continual, albeit slow growth in housing prices, recently several cities across the country have seen housing prices climb back to reach all-time highs, which sparked the latest round of concerns.
However, according to Don Frommeyer, president of The National Association of Mortgage Brokers (NAMB), the cities with peaking housing prices seem to be the exceptions across the country.
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