Worries about potential bubbles in U.S. stocks and the housing market have emerged as key concerns for traders thinking about the second half of 2021, according to a recent TD Ameritrade and Charles Schwab survey.
“Your back-to-work days at the office may be different,” Kinahan said of the next few months as the pandemic threat subsides, even though he also expects most companies to remain wary about calling everybody “back into the office, every single day,” for at least the next year. “The test is, now, will those areas retain their values as we head forward,” he said. “Will people’s lives be flexible enough?”
“I don’t think it’s a bubble everywhere,” said Randy Frederick, vice president of trading and derivatives at Charles Schwab, during the briefing. “But when you hear about prices going up a minimum of 20% in some cases, and even 100% on a year-over-year basis, that’s clearly a problem.” The trend could entice homeowners to move back to a hometown, nearer to elderly parents or even to more rural and affordable settings, he said.“Yes, there are some areas of the country where I think prices have gone up too fast,” Frederick said. “They will probably come back down. They will probably level out in some other areas.”
Not a housing market, but a gentrification mkt. Entities buying property to resell. and resell. The 1% buying in multiples. Pop/'housing' mismatch 'est. U.S. pop grew by just 0.35% btwn 7/1/19 and 7/1/20 — lowest annual growth rate since at least 1900' (brookingsedu 1/11/21)
The housing market is in no way “surging”. In the wrong direction maybe.
No, go down, go down!!
this is terrible news