A major player in the real estate industry has made a statement that home values have risen and match the peak that was hit during the housing bubble. And these values are higher than they have been in the last decade.
I guess that statement is correct but I don’t think that matching the prices from decades ago means we are in a housing bubble.
Many people think we are approaching a housing bubble because home values just continue to rise. But there are other factors in play. If you take the home values that were in effect when the housing bubble did start and then you adjust them for a few things such as the meteoric rise at the beginning of the bubble, then calculate the crash in the values, and then if you add in the normal year to year appreciation of home values, you will end up finding that values are right where they should be had the bubble not even occurred. I see that prices are right where they should be right now.
So if you’re waiting for prices to full due to a housing bubble, you’ll probably never end up buying. So forget about it and go ahead and buy