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Is Another Bubble Forming?

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Is Another Bubble Forming? | Keeping Current Matters

After the housing market bust we experienced across the country in 2008, many experts have been quick to warn that a new bubble may be forming in some areas.

One particular example of this is a recent article pointing toward the California Bay Area’s price gains over the last 18 months.

The quickest and easiest way to show how far we’ve come and how far we still need to go in regards to the ‘Peak’ is to share CoreLogic’s Price & Time Since Peak figures, used to create the map below.

CoreLogic Price & Time Since Peak | Keeping Current Matters

Even with the high performance of prices in the Bay Area, the state of California as a whole is still -14.4% below their Peak, experienced in May of 2006.

The biggest challenge facing the housing market’s recovery right now is the lack of inventory available for sale. Prices are determined by supply and demand. Right now buyer demand is out-pacing seller supply, across many price ranges, driving prices up.

Bottom Line

Traditionally the Spring months have been the most popular dates sellers choose to list their homes. With additional inventory coming to market soon, meet with a professional in your local market to evaluate your best course of action.


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Have You Set Up Personalized Posts Yet? | Keeping Current Matters
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One Response to “Is Another Bubble Forming?”

  1. Pat Ravasio March 16, 2015 at 11:41 am # Reply

    It all adds up to a great time to sell, but as many of our clients are learning, the challenge is finding somewhere worth the move. Many older couples living in large family homes are ready to downsize but have nowhere to go! If we could only channel some of Marin’s “build baby build” energy into creative, smart senior housing (for sale, not rent) our County could make progress on many fronts.

    I hope Marin professionals will get more involved with local governments to encourage smart housing solutions for our residents – not more stack and pack rental housing along the highway, but creative, innovative communities, some for seniors, that will still provide the quiet, small town lifestyle that draws people to Marin.

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