Everyone talks about the real estate bubble like it is a real, living human being. They talk about it like this “bubble” has a mind of its own. When I look at the statistics, it looks like things are not going to “pop”, they are just going to settle down. Here are some statistics to substantiate that things are definitely settling down.
This comes from the National Association of Realtors:
- From Oct. 2004 to Oct. 2005 — Single family homes on the market increased from 4.3 million to 5.3 million. Basically, the supply is rising significantly, but the demand is not