Well, Virginia…There May Be a Real Estate Bubble.

SURVEY SAVVY

t least according to a recent survey by ThinkGlink.com. With the value of U.S. residential real estate reaching more than $18.6 trillion, many Americans are sensitive to the question of whether there really is a bubble. Some 66.3% of survey respondents said they believed a bubble exists. But 44.7% said they wished people wouldn’t talk about it lest it become a self-fulfilling prophecy with panic selling lowering property values.

The survey also asked about the potential effect on the economy if the bubble does burst. A majority of respondents 57.6%—predicted a mildly negative effect. Another 24.6% predicted a massively negative impact. Only 16.8% thought an exploding bubble would be good for the economy.