Home Prices Have Gone Way Up Since 2008 But We Are Not In Another Housing Bubble

Dated: 11/12/2017

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Are we in another Housing Bubble

Home prices have increased significantly since the housing market bust we experienced across the country in 2008.  This is also true here in Vero Beach where we have also seen a big increase in sale prices since that time. 

Are we in a new housing bubble?  Many real estate market experts have been asked to answer this question and the say no.

The quickest and easiest way to show this is to look at the forecasted year over year price increases shown in the following chart.

ImagHome Price Increase Forecast October 2017e title

Prices are determined by supply and demand.  Right now buyer demand is out-pacing seller supply, across many price ranges, driving prices up.

Click here for more tips on buying or selling real estate in Vero Beach Florida.

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