Right now, there is a lot of talk bout "the Bubble"! Here at SnohomishCountyHomeFinder.com, we do the research...so you don't have too! This article was written by Amy Hoak regarding a Harvard University study.....

"Climbing interest rates and cooling speculative demand is putting pressure on the housing boom, but as long as jobs continue to be created and builders curb production, the sector will experience a soft landing, according to Harvard's Joint Center for Housing Studies. The center's "State of the Nation's Housing" report, released on June 13, predicted that even though home-price growth will fall to more moderate levels in many areas, sharp drops in prices are unlikely. The absence of severe overbuilding or big job losses in major metropolitan areas is an important factor in the stability, the report said.About 1 million people became homeowners last year, and mortgages including low-down payment, hybrid-adjustable and interest-only loans helped them make the purchases amid higher home prices and interest rates, the report said. Most owners with adjustable loans have an initial fixed-rate period of three or more years, and most interest-only loans extend for at least five years."While homeowners with annually adjusting mortgage rates are facing interest increases this year, including those with expiring teaser discounts, only about one in 10 homeowners face higher mortgage payments this year," Nicolas P. Retsinas, director of Harvard's Joint Center for Housing Studies, said in a news release."

So there is the latest up to date info. Check back soon and regularly as this blog is ever changing.

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