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Yes, Real Estate Prices Are Soaring, and No, It’s Not a Bubble
Real estate prices are soaring, but indicators show no signs of a housing bubble.
11 Jun 2021, 09:39 AM IST
(Bloomberg Businessweek) -- The parallels are hard to ignore: the record prices, the bidding wars, the subdivisions that fill up as soon as they’re built, the resourceful buyer who clinched a deal by dropping off cupcakes that matched the home’s interior paint colors. Today’s real estate market feels a lot like the bubble market circa 2006. “The numbers don’t make sense. How do you make a rational offer on a house when you have irrat...
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