A New Housing Bubble Forming… Not Before 2024

A recent report by CoreLogic revealed that U.S. home values appreciated by more than 37% over the last five years. Some are concerned that this is evidence we may be on the verge of another housing “boom & bust” like the one we experienced from 2006-2008.

Recently, several housing experts weighed in on the subject to alleviate these fears.

Sean Becketti, Freddie Mac Chief Economist

 “The evidence indicates there currently is no house price bubble in the U.S., despite the rapid increase of house prices over the last five years.”

Edward Golding, a Senior Fellow at the Urban Institute’s Housing Finance Policy Center

 “There is not likely to be a national bubble in the way that we saw the first decade of the century.”

Christopher Thornberg, Partner at Beacon Economics

 “There is no direct or indirect sign of any kind of bubble.”

Bill McBride, Calculated Risk

 “I wouldn’t call house prices a bubble.”

David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices

 “Housing is not repeating the bubble period of 2000-2006.”

A recent article by Teo Nicolais, a real estate entrepreneur who teaches courses on real estate principles, markets, and finance at Harvard Extension School concluded that the next housing bubble may not occur until 2024.

The articleHow to Use Real Estate Trends to Predict the Next Housing Bubble, looks at previous peaks in real estate values going all the way back to 1818. Nicolais uses the research of several economists. The article details the four phases of a real estate cycle and what defines each phase.

Nicolais concluded his article by saying:

“Those who study the financial crisis of 2008 will (we hope) always be weary of the next major crash. If George, Harrison, and Foldvary are right, however, that won’t happen until after the next peak around 2024. 

Between now and then, aside from the occasional slow down and inevitable market hiccups, the real estate industry is likely to enjoy a long period of expansion.”

Bottom Line

The reason for the price appreciation we are seeing is an imbalance between supply and demand for housing. This has created a natural increase in values, not a bubble in prices.

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Spruce Up the Half Bath Before Guests Arrive

Incorporate some of these must-have details for your half bath to get a gleaming five-star review from your houseguests.

Guest post by Michelle Lee, Houzz

Hosting family or friends is an equally exciting and stressful experience for all. Having a comfortable guest bathroom is key and you’ll want to deck it out with all the necessary supplies to avoid awkward run-ins, like guests asking for more toilet paper. Envision what you expect from hotel bathrooms and incorporate some of these must-have details to get a gleaming five-star review from your houseguests.

All about appearances. The first thing you should establish in your guest bathroom is a good look. Replace flickering and ill-placed lights with new sconces or vanity fixtures to create a warm and welcoming ambiance. Since this is also where your guests might be getting ready for the day or touching up in the evening, provide an adequately sized mirror. A full-length mirror is ideal, but if your room or budget doesn’t allow, look for an inexpensive over-the-door option.

Storage and supplies. It’s imperative to provide sufficient storage space and supplies for your houseguests. Load up your vanity with basics such as towels, tissues, soap, lotion, air fresheners, a first-aid kit and feminine supplies. If you’re hosting overnight guests, allow them their own storage space to lay out the toiletries they bring along. Empty a drawer or bring in a freestanding storage unit for their personal belongings.

A tidy toilet. Two of the most important items to include in any bathroom are plungers and toilet paper. Making sure these items are available will reduce potential awkwardness and embarrassment for both parties. There are many discreet plungers for sale today and you can store extra TP rolls in a stylish wire basket for a trendy look, as seen here.

Tip-top trash. Function is often sacrificed for style, but in the case of wastebaskets, practicality should reign above all. You’ll want to provide a large bin, preferably with a lid and empty it on a consistent basis. Hampers are also a nice touch to keep soiled linens out of sight. Be sure to replace them with new, fluffy towels regularly too.

Open up for overnighters. If you’re hosting long-term or overnight guests, a stock of toothbrushes, toothpaste and face washes will come in handy. Fresh towels and a hamper for dirty linens are also must-haves. For bonus points, pamper your guests with soft robes and slippers. If you have a finicky shower faucet system in your master bathroom that your guests have access to, leave a note explaining how to adjust the dials for a stress-free wash.


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Architectural Styles on the Horizon

Tiny homes, modern farmhouse, modern glass, and Santa Barbara are some of our favorite architectural styles right now.

Guest post by Lauren White

Whether you’re buying, selling or staging a home, popular architectural styles and buzz-words can help you get the most out of your investment. Current and upcoming homebuyers have an “instant” mindset, are debt-savvy, and want all the luxuries of rural living in growing cities. Trending architectural styles, like shipping container and tiny homes, reflect the budget-friendliness and fast construction new homeowners want. Contemporary glass structures, modern farmhouse, and a Spanish-colonial revival make way for bigger homes and budgets.

Shipping Container

These days, building your own home is as easy as clicking around on a website or flipping through a catalog, mixing materials and adding desired features. The architecture that results is a Lego-like, innovative blend of textures and shapes that is “unique” to the homeowner’s preferences and taste. These styles are known as shipping container style homes. Some simulate the appearance of or incorporate actual shipping container material in their textures. By selecting from pre-fab, mix and match elements, homeowners can be sure that these features are ready-to-go. They can get exactly what they want without wasting time or resources.

Tiny Home

Floor plans for both homes and apartments are getting smaller and smaller as the demand for land goes up and urban populations boom. Architects and builders are getting creative with their designs, finding new ways to make the most out of spaces as small as 300 square feet. This is tiny home” size. These homes often sell at a lower price point than traditional-size homes, which makes the investment easier for modern homebuyers who are grappling with significant loan debt. These designs make the most out of every square inch with hidden storage, multi-use rooms and concepts like open space and indoor-outdoor living.

Santa Barbara

One of the most desired builds, right now, is the Santa Barbara style of architecture. This involves white stucco walls, wood beam ceilings and red tile roofs. It gets its name from the Spanish Colonial style that boomed in Santa Barbara in the early 1900s. The city set the trend for the rest of the country and homeowners are finding that the aesthetics of this style are a top choice for their dream homes.

Modern Glass

Homeowners are knocking out walls and replacing them with glass doors and walls to see through to their back yards or patios. Incorporating the outdoors into indoor spaces is a top trend, right now. With the glass features, homeowners tend to blend sleek materials like concrete or wood. Modern glass style homes allow the outdoors to flow into the indoors and vice versa. This is a great trick to make the most of your property.

Updated Farmhouse

The farmhouse style has been a long-standing architectural icon. However, these days, the style is changing to incorporate more modern elements. The result is known as the modern farmhouse. In many builds, the design begins as a modern home outfitted with rural accents like barn doors and farmhouse siding. For builds that begin in the farmhouse style, modern colors and mixed industrial textures bring the old into the new.

If you are considering a new construction, an architect can help you to stay on top of the trends so that your home will be a success on the market well into the future. According to HomeAdvisor, the average cost to hire an architect is $5,000. They can guide you through the process to help maximize on your time and resources.

Lauren White is a freelance writer who enjoys reading, hiking and traveling. She can usually be found on an outdoor adventure with her boyfriend and little sister on the weekends.


Sharon is the Digital Content Specialist for Coldwell Banker Real Estate, LLC. She lives in New Jersey and holds a BA from Syracuse University. She is passionate about giving back to the community and enjoys teaching STEM (Science, Technology, Engineering and Mathematics) at the local Boys & Girls Club. She loves pun-ny jokes and she can watch adorable videos of puppies and babies all day.

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