We’re feeling a bit worn out from all the recent housing doom and gloom, so we’re serving up a couple of anti-bubble articles to add some pep in your step this morning. For example, according to Forbes writer Scott Reeves, “The booming real estate market is driven by historically low mortgage rates, solid employment growth and brisk demand–not wild speculation.”
We might argue that an abnormally low cost of capital (i.e. low mortgage rates) is actually contributing to “wild” speculation, but we really don’t want to kill your buzz too soon…
· Don’t Believe The Hype [Forbes]
· Why there is no housing bubble [MSN Money]
· Don’t Buy Housing Bubble Propaganda [RealMoney]
· Experts see no housing bubble [Chronicle]