We ARE in a bubble. The experts are all over the map on this one. Home prices in SoCal went up 24% on average in a year. Don't let anyone tell you that a 24% rise is anything but a bubble. The question now, is... when will it burst?
No idea.
Will it burst due to inflation? That is the most likely cause, though the markets are rather irrational.
Will it burst due to interest rate rises?
Only if they top 4.25%. That amount, coupled with the current high prices, is the absolute deal breaker for the market.
