Using the eye test can make the US housing market appear to be in a bubble about to burst.
Over the past two years, home prices have skyrocketed amid the buying craze. And now long-term mortgage rates are skyrocketing, and the Fed has raised rates from 3% to over 5% starting early 2022.
But bubbles, like timing, are hard to call. So what do the experts say?
Earlier this month, we asked 32 real estate professionals the following simple question: Is the US housing market in a bubble? Why?
For a variety of reasons, the majority of responses reached no. However, six of them said yes and warned of a future price drop.
To read more of their answers, see the full story below.