As soon as housing prices seem to rise, two questions spring to mind—and into headlines:
“What’s MY home worth?”, followed immediately by “when will THIS housing bubble pop?”
With current median selling prices up nearly $35,000 compared to the same period last year, it’s the latter (along with still-fresh memories of last decade) that have some buyers waiting on the sidelines. However, while experts have no idea how far prices will run, they can seemingly agree on one thing: we aren’t actually in a bubble.
And those that wait will likely regret it.
This Is A Different Housing Market
Take it from none other than a Morgan Stanley strategist who shared in a note to clients that the bank had a “strong conviction that we are not experiencing…