Economists sooth housing bubble worries

Posted by Bonnie Martin Designated Broker on Tuesday, June 11th, 2013 at 7:57am.


inman.com - Although home prices are likely to continue to rise in the next few years, the national market is not in danger of a bubble, according to prominent economists.

“Four of the next five years are likely to be improving years in the housing market. I don’t say five because there’s always the possibility of little hiccups in the housing market,” said Lawrence Yun, chief economist for the National Association of Realtors.

“But we will still be shy of the bubble years of 2005.”

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