Boom or bubble? Fear kills home buyer’s dream

By John Crow | The Glendale Star

Herb has a good job. He’s been married to the same woman for 30 years, pays his bills, clips his grass and his truck is always clean. He’s the kind of guy you want living next door.  

Herb is in the market for a new home and his Realtor found the perfect one. It’s priced right on the money, it’s move-in ready and there’s even an American flag in the front yard.

But there is one big problem.  

Herb remembers the foreclosure crisis of 2010 like it happened yesterday. He read somewhere that the valley housing market typically cycles every 10 years, and that as of January, home prices have exceeded their pre-crash high. Herb believes this indicates a bubble market, primed to pop.

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