A lot of people are trying to figure out what's ahead for the local real estate market, and every day brings new predictions and (sometimes) conflicting information. This morning, the San Francisco Business Times is the latest to weigh in with news from a Zillow survey showing that a third of the nation's housing experts say the SF market is a housing bubble. Additionally, the report says that 20 percent of those surveyed said that if this isn't a bubble market, it is at risk of becoming one within a year. Just in case you've forgotten during the recent go-go market, a housing bubble is when prices go up due to demand and speculation. At some point, demand decreases or stalls as supply increases due to the aforementioned speculators. At that point, the bubble bursts and prices drop.
from Real Estate Insider by Leon De-Levi, Pacific Union International http://ift.tt/21xkuib
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