Friday, August 31, 2007

Is there a bubble in Boulder?

Recently, the blog has received some commentary from a realtor with a blog covering the Boulder, Colorado real estate market. He argues that that unlike other major US cities, Boulder is not in the middle of a housing bubble. I sense the guy has some integrity. He has included one or two links from bubble bloggers, thus giving his readers both sides of the story.

For what it is worth, my opinion is that Boulder is currently suffering from a bubble, although it hasn't reached the crazy levels of coastal cities. Currently, the market is about 35 percent above its long run trend. Moreover, prices have accelerated in recent months. It is also worth noting the long period of stagnating house prices in boulder during the 1980s.

In America, we may disagree, but we always respect each other's opinions. Please check out his blog and make up your own mind.

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