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Housing Bubble? No Way!!


The Bubble Meter – A housing bubble blog reminds us of the news from five years ago and what BusinessWeek’s selected experts were saying about the housing market in 2005.

  • Frank Nothaft, chief economist, Freddie Mac:
    I don’t foresee any national decline in home price values.
  • Mike Englund, chief economist at Action Economics, global bond and currency consulting firm:
    There are many assets whose prices move quickly, but that doesn’t mean it’s a bubble.
  • Dean Baker, economist and co-director of the Center for Economic & Policy Research:
    In the past, home prices have always moved pretty much at the same rate with inflation’s overall rate. But in the last seven years, they’ve outpaced the rate of inflation by 60 percentage points.
  • James F. Smith, chief economist at the Society of Industrial & Office Realtors:
    There’s no national bubble. You have to have a huge deflationary scenario to make a national bubble make any sense.

Please click here if you would like to ready the entire BusinessWeek article.
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This entry was posted on June 22, 2010, 7:36 pm and is filed under Real Estate Data. You can follow any responses to this entry through RSS 2.0. Both comments and pings are currently closed.

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