Bubble? Did you say bubble?
The #1 question I’m asked is “When will the housing bubble burst?” No one wants to buy at the top of the market and pay too much. And, more importantly, no one wants to see a repeat of the 2008 housing debacle. Since a crystal ball doesn’t exist, knowing when a housing bubble might pop, seems to be only a guess. There is plenty of available data, but it’s still a guess as to what the data means.
However, I believe the conditions different now than they were in 2008 and, although there might be a slowing, a bubble is not about to burst. Of all the articles and data I've read, the following explains the reasons why really well. It appeared in Forbes magazine and is written by Lawrence Yun, Chief Economist of National Association of REALTORS. Although the focus is nationwide, I believe the rationale can apply to the Denver Metro market too. Read more.