35. Are We in a Housing Bubble? Homebuyers Say Yes, Redfin Expert Says No

Are We in a Housing Bubble? Homebuyers Say Yes, Redfin Expert Says No

Historically fast home-price growth has homebuyers and sellers worried the market has become detached from reality. But Redfin’s chief economist says rising mortgage rates and buyers who can afford their homes are preventing a bubble.

 

SEATTLE--(Friday, January 21, 2022)--BUSINESS WIRE--(NASDAQ: RDFN) — More than three-quarters (77%) of homebuyers and sellers believe there’s a housing price bubble in the area where they live, according to a survey in a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Meanwhile, 44% of real estate agents believe there’s a housing bubble in the market where they work.

 

The former is from a Redfin-commissioned survey of 1,500 U.S. residents who are planning to buy or sell a home in the next 12 months fielded by research technology company Lucid from December 10 to 13, 2021. The latter is from a Redfin survey of 360 real estate agents from October 2021.

Redfin Media Release continued in the We Get Around Network Forum (www.WGANForum.com) here:

https://forum.we-get-around.com/topic/16289/page/1/are-we-in-a-housing-bubble-homebuyers-say-yes-redfin-expert-says-no/