Anyone catch the “Bubble Burst” story on KSBY news tonite? If you did, here’s the main things you missed:
1) If you have been sitting on the fence the past few years and didn’t buy, you’re having to pay a lot more now for the same house.
2) One guy said that if interest rates go up, the bubble may burst.
3) Another guy said that prices could go down for a couple years, then go back up.
4) And another guy (it may have been the same as #3) said that what may happen is that prices stay flat for many years.
Anyone have a crystal ball that works??