Are we in a housing bubble?

This segment first appeared in the January 14 episode of the Atlanta Real Estate Report — ATL Housing Market: What can we expect in 2023 and beyond?

“For every action, there is an opposite and equal reaction.”

— Sir Isaac Netwon (1666)

Cyclical View: Bubblicious

The U.S. housing market got objectively bubbly during the pandemic. In fact, data produced by the Dallas Fed (see chart above) finds that home prices in 2022 are actually more detached from underlying fundamentals than they were 2005 and 2008. — Lance Lambert, Fortune Magazine (12.03.23)