What is a "Housing Bubble"?

"Housing Bubble" is a term used in Boston to describe when Boston condo for sale prices become artificially inflated.

Will we see another housing crash like 2007 - 2008?

Economist Roy Epstein former adjunct professor of finance at Boston College, does not think there will be another real estate crash like 2007. He just expects housing prices to tamper off. The further increases in interest rates, will help cool down the housing market and maintain price stability

Why is this not like the last housing bubble?

Unlike 2007 - 2008 there is not a lot of sub-prime lending anymore.

Are Boston condo mortgages tougher and more strict compared to 2007-2008?

Yes, all the aggressive financing options such as no income verification, no documentation loans and poor credit loans have been eliminated. The underwriting of loans are a lot tougher and more strict in 2022.