Two articles in HousingWire.com paint contrasting views of whether the U.S. housing market is poised to keep growing or is blowing another bubble.
Bubble argument: There is a growing gap between what houses cost and what middle-class Americans can buy – if they can get a mortgage. And a market recovering without first-time home-buyers is "a false recovery built upon a sandy foundation above a slippery slope."
Healthy market argument: Inventory and days on the market are rising now that prices are rising more slowly, and first-time buyers will benefit from increased inventory.
