Not here - we are still suffering with painfully low inventory.

It seems bubbles of all kinds are often created by thoughts...

No, I don't believe so. Prices are higher here then they were the same time last year, but inventory is low which would explain that.

Not so here in Minot ND Tony Lewis . We have been holding very steady since 2005 when our oil boom came to an end. 

No it does not. Just because prices are high does not mean there is a bubble. You need to know the reason behind the high prices. In my market it's the lack of inventory that is causing home prices to rise... economics 101 if you ask me... it's all about supply and demand. Now, if you have a ton of inventory and prices are rising you might have an argument for a bubble.

No, they've been that way for 8 years in CA; NO BUBBLE.

There is high Demand and low supply, which is a law, not a symptom.

NO BUBBLE

Low unemployment and high consumer confidence, NO BUBBLE.

Low rates and robust economy,  NO BUBBLE.

NO BUBBLE

Mortgages are about as easy to get as a protology exam during an audit.

NO BUBBLE

Buyers have the money and the ability. 

NO BUBBLE

We're quite good in the hood.

No.  Prices have been steadily rising for quite some time.  Interest rates being so low have helped considerably.

No, quality inventory is low.

Prices are high but.... with the current interest rates lower than last year, it's actually cheaper to buy now than last year in my area.  I was shocked when I looked at the average interest rates and average home sales price between this year and last year, and the P&I payment is actually lower this year.  So....this may not be a bubble (or as bad as it appears) but I do agree - I am shocked at the prices in my area.

Oh. Heavens. No. 

Not overnight. Its been an escalation of prices for years in my San Jose Silicon Valley California market. 

Thanks to the low interest rates, you can still afford to buy a home now even though prices seems to go up and up and I see no end for it to slow down. However, the Corona virus might change that... Only time will tell.

not overnight, it has been building for quite some time.

Prices have been rising for years now, but I think affordability has improved, compared to the past, looking at interest rates and salaries. The bigger issue is inventory.

Not here.  Greater Chicagoland has seen modest increases over the last 2-3 years... very sustainable.

We climbed for 7 solid years at a good rate, then it slacked off for 18 months, and back with a vengeance.    No bubble.   

Yes prices are high - but inventory is very low.  And our town continues to grow. No bubble here until inventory starts to grow.

The continuing Scarcy could be inflating on

Many people and agents overprice. I've been seeing posts by agents saying things like: Spring Market is here early, The Amazon effect is real and driving prices up -better buy now, there's no inventory, I have several pre-approved buyers - call me to sell now, etc.

High and holding...What can you do? The race is on to own and keep owning

No bubble, and not overnight. Supply and demand rules.

Tony,

The only bubbles we are seeing is in my glass of Champagne.  And once again, I repeat that I am in agreement with Michael Jacobs 

Not in our area.

No not at all.

Prices are definitely going up. Getting ready for the spring market, I guess!

Not so much in my area where factors are holding prices down!

It certainly has not been over night here in NH, it is building with limited houses for sale and unlimited buyers ready to buy. Builders who raised their prices and saw their sales stagnant, have lowered some prices on homes already up here. 

A bubble, in my opinion, is the result of the influence of something that is distorting reality. Very much like Bank of America was able to do creating FAKE money so people could buy houses and pass the bill to the tax payer.

I see, at this time, no such influence creating results that are a distortion.

Now, Bernie just might impose the influence needed to create distortion.

slow and steady growth in this market

The word "Bubble" stimulates one to think of an upcoming burst. That is not what is happening. Inadequate inventory in the face of strong buyer demand will push up prices. Economics 101.

As a homeowner in the San Francisco Bay Area, I do not think my house would be "ridiculously high" priced if it was offered for sale. If I was a buyer, I would realize that the price to live here is challenging. If I was not up to the challenge, I would seek to live elsewhere. Renting as an option is also challenging in this area.

Not with all these unfilled openings at Apple, social media, autonomous vehicles, 6 electric vehicles, 5 smart phone development centers stealing other employees. A modest 1,400 sf 60 year old termite infested home will get taken in 2 days with low $2M in a rating 6-7 school neighborhood.

Ain't got no sheep skins one can try at Tesla working program PLC as a car number pusher. Build cars at jammed parking lot.  Got musles but no brains take a job as a construction worker. Everywhere there are high rises needing workers.

Want to take a break go back to college taking an intern position. Apple offer $90K, FB offers $100K learning what work is like.  If all fails stand at street corner taking  $25 an hour. I gave out bottle H2O now.

I have been selling real estate locallly in Halifax Nova Scotia for nearly 27 years now. I have heard the predictions of a real estate bubble popping more tuimes than I can count. For the various buyers that I have met that relied on generalized market condition reports instead of more acurate local ones, who have told us that they were going to wait for the bubble to burst so that they could buy a home cheaper: News flash! Bubble still hasn't happened here. You could have bought & sold that home you looked at 6-10 years ago & had $100K in your pocket or towards your new home by now.