Industry News

Americans believe in real estate bubble

66% of survey respondents say there is a housing bubble

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More than two-thirds of Americans responding to a survey believe there is a real estate bubble, though many said they wished no one would discuss it in the interest of avoiding a self-fulfilling prophecy. According to a survey conducted by real estate advice and information site, 66 percent of respondents said there is a housing bubble, and nearly 45 percent said that people shouldn't talk about a real estate bubble because the more it is discussed, the more likely there will be panicked selling that would lower property values. Speculation over whether a real estate bubble exists has persisted in the last few years as home-price appreciation has outpaced income growth. Of those who believe there is a real estate bubble, 18.1 percent said they believe the bubble will burst within six months, while the other 81.9 percent think the bubble won't burst for at least six months. Another 41.3 percent indicated that the bubble won't burst for at least a year, and the remainin...