Prices rising, packed open houses, bidding wars, all-cash offers… Must be a housing bubble, right? Nope. Andrew Khouri reports in the LA Times: “Real estate information firm CoreLogic said Tuesday that a bubble has not formed in the U.S. housing market, nor in hot regional markets, adding that rising interest rates will put a brake on any danger.” CNBC echoes that analysis, here.
The talk at HousingWire is that “the housing market is still a seller’s market,” with June numbers pointing to more “balance.” Here’s a map of what LA’s housing recovery looks like through the end of 2012…
Is it time to make your move in housing? Whether buying or selling, you’ll find friendly, accessible, highly experienced pros at Tracy Do Real Estate.
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Map data & analysis by Andrew Khouri and Doug Smith.