The real estate market is in one of two states, rising or falling.

Bubble or burst.

If you wait long enough BOTH will be true.

If we are, it is still expanding in this area as our local economy seems to be holding even or rising slightly

Not really...we have not seen enough buying going on for very long.   There are always issues but we need to stop putting premature titles on some of the issues we come across

There has been talk of the bubble for a couple years out here.  Hasn't happened yet.

our marketplace is experiencing a flood of buyers purchasing new homes.... our listings are selling every week.... more than one a week....3 this past week....and another coming over the weekend....

We are nowhere near that in my area with prices still stable and inventory at 7 months.

I feel that the market I serve may be. I saw a snippet of the news last night that showed people living in campers on the streets of Mountain View. 

Bob,
The first time homebuyer market from Denver to Colorado Springs is over heated. It makes it very hard to work with buyers.

Aren't we always?!

I believe we are in select markets. Telling isn't it when a majority of the National Budget is tied up in Student Loans. The loan companies need to pull in the reins on giving out student loans to students to pursue pointless degrees with no hope of ever having the income to repay these loans!

Prices have not increased enough to create a bubble here in New England. Sales are very strong here. I think the lonly thing that could grind the market to a halt is a sharp raise in mortgage interest rates

Good morning Bob,

Just like a roller coaster ride it is a thrill a minute in some areas and then the bottom falls out. I am sure we will enjoy and endure the ride.

Think there are some areas with a cause for concern!

Good morning Robert. I can see a number of issues on the horizon, as before some markets will be more effective than others and in past a lot has to do with employment.

 I will have to agree with Gary Keller. It's not about the market it is about what we do.

I hear this talking too, since our prices went so high and still crawling up. Eventually they will drop again, but I'm not sure it is going to happen this year.

Robert,

I have heard that off and on...I am not sure, and the two areas that the LA times mentioned are doing just fine, and that was 3 years ago.  A

Depends where you are asking the question.... and the answer is not yet...Endre

Robert 'VEGAS BOB' Swetz - what goes up comes down! Specially with unrealistic increase in prices in some of the neighborhood I see, I am wondering how long these prices will remain so high!

And the first guess is - expect 2017 to be the beginning of the burst...may be slightly.

A lot of little bubbles going on out there right now, though some parts are not even heating up.

I think there is always a slow down in an election cycle 

There is no real estate bubble in Branson, Mo.  We have plenty of homes and very low prices.  Beautiful 5200 sq. ft. with 2 adjoining lots and fenced with about $50,000 of  nice fencing.  $355,000.  No bubble here.

I can see that there is serious talk in California.  In my area, I don't think yet.  I know much smarter people than I are talking about another shift soon, so I am keeping my eye on the local economy and housing trends.

In the so-called "Hot Markets" like San Francisco, Manhattan, Miami Beach, etc.

We are recovering here. Many neighborhoods in Albuquerque and Rio Rancho had over 40% REO/Short Sale properties. Now we are starting to see the market turn and more homes are listed as fair market.

Not at all

It doesn't feel like that in our market.

I think California is heading toward an adjustment - in SF there are too many high end condos being built with a downturn in income and employment in the silicon valley types.  We are heading to a shift here on the East Coast

I don't think we are in a bubble yet but it appears we are headed for one. Real estate is local so the answer will be different in Cali than Florida.

I think we are for sure in a bubble in some markets. My area hasn't seen that happen as of yet. 

Yes, and no one has learned. LOL

Not yet.

No.

No, bubbles travel so what to look at for is what is the next asset class that will be manipulated other than housing, dot.com, or energy.

A real estate bubble goes hand in hand with a bubble in the economy, so no, we are not yet in a bubble and a long way off before it ends.

Seems like it is very regional. The market here is flat. 

Not in my area.

No