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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Town Meeting Minute – Issue #9: The Towns Are Choosing What Gets Built Next

Posted by Tim Bray on April 26th, 2026

Town Meeting Minute | Issue #9

The Towns Are Choosing What Gets Built Next

Across Southeastern Connecticut and Southern Rhode Island, recent town meetings show a clear pattern: future supply is not simply being built. It is being filtered through zoning, infrastructure, public feedback, political priorities, and local appetite for change.

Seaport Perspective: Demand is not the biggest question anymore. The question is which towns are willing to let supply respond. SupplyWhat new inventory may actually reach the market? AffordabilityDoes the action create attainable options? EconomyDoes it expand tax base, jobs, or investment? SpeedHow quickly could the impact be felt? SignalWhat does this tell us about future…

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Changing Markets – Issue #8: The Market Isn’t Falling Apart… It’s Pulling Apart

Posted by Tim Bray on April 23rd, 2026

Changing Markets – Issue #8

The Market Isn’t Falling Apart… It’s Pulling Apart

Why Connecticut’s housing market is splitting by price, product type, and future supply

There is a growing disconnect in the housing market.

Some buyers are still competing aggressively for homes. Others are pulling back. Some sellers are still getting strong attention. Others are sitting, adjusting price, and wondering why the energy feels different than it did even a year ago.

So what is actually happening?

The answer is not that the market is simply rising or falling. It is not that everything is strong, and it is not that everything is weak.

It’s splitting.

The closer you get to the core price bands where real household demand…

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