Is the housing bubble ever going to pop or am I stuck buying an overvalued home?

That depends a lot on where you want to live. Here in Southern CA, I don't think it will. First of all, LA %26amp; San Diego are slowing due to the latest fed hike in interest rates. But, because the demand is so much larger than the supply, the pressure for new, affordable homes is still strong. Unfortunately, with the median price of a home at around $550,000, the income necessary to support monthly mortgage payments is above what most in the middle class make right now.



But, you are starting to see some slowing and stagnation in less desirable markets. That is where "the bubble" will burst, first. Places like Cleveland, Louisville, Nashville, St. Louis, etc. Watch as the interest rates go up, more houses will dump on the market because people with variable rates cannot afford the increases monthly.Is the housing bubble ever going to pop or am I stuck buying an overvalued home?
Unless you live in one of the hyperinflated speculative markets, don't expect a quick pop. Tokyo is still falling after 15 years. But as inventory rises, you'll be in a better bargaining position. Don't worry about median price, you just need to get one seller down!

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Is the housing bubble ever going to pop or am I stuck buying an overvalued home?
eskie lover is giving misleading advise that can be finanacially disastarous. Prices all over Southern California are on a slide since last 10 months. Eskie like any other Realtor is acting like a 'cheer leader' for the housing market for personal gains.

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Is the housing bubble ever going to pop or am I stuck buying an overvalued home?
Your house probably has its valuation done by a qualified valuer n shouldn't be too far off its mark. Prices may be depressed or decline somewhat esp when supply exceeds demand. In the long run it'll always go up, up and up. Don't be cowed by real estate jargon like housing bubble, etc. The influences of intermittent and very short term bubbles will not be able to withstand the long term inclination for property prices to rise. Even the great depression of the 30's cannot prevent this upward trend.
You are asking a loaded question. In the next ten years there will be 76,000,000 people retiring, that alone will shift much of life as we know it. Real estate may peter out as baby boomers sell their big homes for smaller ones. Stocks may not do so well with less people working. Commerce (GNP) will slow as there are less buying dollars. Foreign powers will gain strength, economic and political.

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