No Housing Bubble

Exacerbated by a labor shortage and rapidly increasing cost of building materials, builders in new communities from Wellen Park to Lakewood Ranch are releasing lots in small numbers and requiring sealed bids from homebuyers without knowing what the final building cost will be. It pushes frustrated new homebuyers to turn [...]

As I have postulated in prior commentaries, the combination of demographics (Baby Boomers, Gen X and Millennials), historically low interest rates, the hyperbolic reaction from buyers due to pent up demand from the lockdown, and the paucity of sellers uncomfortable listing their homes due to mixed messaging, has led to home price [...]