22October
Are we in a Housing Bubble in Sonoma County?
I cannot count the exact number of times I have been asked if we are in a housing bubble in Sonoma County. Every agent I know all over the US has also been asked the same question–it is no wonder, as prices seem to be climbing ever upwards and we all (or most of us) remember what happened in 2008-2010! What is so different about today? The Great Recession was driven by excess and abuses in the housing and mortgage markets. This national boom in real estate has been fueled by people reevaluating their circumstances due to Covid and sustained by record low interest rates and a shortage of housing. Brian Buffini and Company produced this solid infographic explaining the differences and root causes in both markets.
