> The median home price of an existing home stood at just $278,200 in August 2019, according to the National Association of Realtors. That figure has since spiked to $407,100 as of August 2023.
“Talk about a bubble. That’s a classic supply-demand imbalance,” Bair told CNN in a phone interview.
Is it really a bubble though? How much is $278k adjusted for inflation since August 2019?
And if there's really a "supply-demand imbalance", wouldn't that be a further justification for the current prices? I assume she means too little supply for existing demand.
“Talk about a bubble. That’s a classic supply-demand imbalance,” Bair told CNN in a phone interview.
Is it really a bubble though? How much is $278k adjusted for inflation since August 2019?
And if there's really a "supply-demand imbalance", wouldn't that be a further justification for the current prices? I assume she means too little supply for existing demand.