We’ve had several people ask us about this Times article that was published back in mid August:
For some perspective, here are key quotes from the article:
“The bubble survey was released by ValueInsured, a company that sells insurance to protect against declining home values. That presumably gives it an interest in propping up bubble fears.”
“One more note on the survey: It looked at a representative sample of 1,079 people across the country in July. But the sample sizes in individual states was relatively small.”
In other words, a statistical average of ~21 people per state participated in a survey that was put forth by a company selling insurance against declining home values. While we are not clairvoyants with the ability to predict the future, we also wouldn’t put much confidence in this particular report.