I Was Wrong About Housing Bubbles. Here's What Changed.

Posted by Tim Bray on June 7th, 2026

Market Analysis • A Correction

Why I Changed My Mind About Housing Bubbles

Revisiting an old theory in light of what the pandemic — and our own local data — taught us about prices, value, and the dollar itself.

By Tim Bray  •  Broker / Owner  •  Seaport Real Estate Services

Editor’s Note

This article revisits and corrects an earlier piece published on this blog — “Housing Bubbles & Market Crashes: The Holy Grail,” originally written by Barry Neilsen and modified by Tim Bray. The years since have tested its central claim, and I’d rather correct the record openly than let an old argument stand unchallenged.

Years ago, I published a piece on this blog about housing bubbles, market crashes, and the idea of mean reversion —…

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Comments on the recent turmoil in financial markets

Posted by Robert Ruth on June 22nd, 2022

Volatility Appears to Be the ‘New’ New Normal  

Over the past few weeks, we have been witnessing a significant change in the financial landscape in the United States. During this time, we have seen the stock market come down from its recently achieved historic highs. As the price of stocks has decreased, the value of investors' portfolios, and 401K accounts, have been impacted.  

• Whether this is a short-term or a long-term phenomenon remains to be seen.

• The reality is that the rapid run-up in market valuations since the election in 2016 occurred much faster than is normal, and therefore the likelihood of a correction has been anticipated for some time.  

• What had not been anticipated, or widely understood is the swiftness…

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