Reported about 1 month ago
Nick Gerli, CEO of Reventure Consulting, has raised alarms about the U.S. housing market being in its biggest bubble ever, warning that current home prices, nearly double the historical average, are not sustainable. He points to a concerning trend where home prices are disproportionate to income levels, reminiscent of the 2006 crash. With significant regional disparities and ongoing inventory shortages, Gerli predicts that unless home prices drop or inflation surges, the market will not remain stable much longer.
Source: YAHOO