When it comes to real estate are we in a bubble or a new market?

 When it comes to real estate are we in a bubble or a new market?

If you are older than 40, you remember the first seven years of the 21st century. These were the peak buying years of the Baby Boom Generation —which perverted home ownership into a fevered housing boom — which then became the worldwide economic crash of 2008. In the 30 years before that bust there had been about three other housing bubbles, followed by their inevitable bursting into housing busts.

The 2008 housing bust lasted a decade in Connecticut. There was low or no growth in prices, slow construction activity, and a depressed sense that the extreme cost of Connecticut homes had topped out. Then the Covid-19 pandemic sequestration stopped many things people do every day, including thinking about our homes – new or renewed.

But a funny thing happened last summer, after we were all force-fed our homes which had become our one place of working, learning, eating, exercising, even connecting (through our computers)….

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