Most Economists Say There Is No Housing Bubble

This month marks the 35th consecutive month of a climb in home prices
May 27, 2015
Most Economists Say There Is No Housing Bubble
Most Economists Say There Is No Housing Bubble

Prices keep rising, but according to David Blitzer, managing director and chairman of the Index Committee for S&P Dow Jones Indices, “There is no bubble to be anxious about.”

Blitzer isn’t alone. According to NAR Chief Economist Lawrence Yun, it isn’t a bubble that he worries about with the price increases, but that the lack of affordability may decrease demand.

This month marks the 35th consecutive month of a climb in home prices, based on the S&P/Case-Shiller Home Price Index released Tuesday, The Wall Street Journal reports.

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