Economists deflate bubbling mumblings

bubbleDaily Real Estate News

Home prices are skyrocketing. The median existing-home price for all housing types was $219,400 in April – 8.9 percent above last year. This marks the largest percentage gain in home prices since January 2014, according to the National Association of REALTORS®’ latest housing report.

The run up in prices is prompting some housing analysts to question whether another housing bubble could be brewing. However, economists are quick to note that this isn’t 2006 and there’s no reason for concern of a repeat, at least for now.

For one, economists point out that while home prices are still rising, the rate of appreciation lately has been showing signs of slowing.

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