No Bubble Is Forming, Says New Indicator

As prices increase at high speed, many homeowners and buyers are concerned that a bubble is just around the corner. But a new gauge from Nationwide Insurance suggests there is no reason to be worried.

According to Bloomberg Business, the new indicator by this Columbus, Ohio-based company shows that the U.S. housing market is in its best shape since 2001.

“The housing market may not improve by leaps and bounds this year, and that's exactly why Americans should feel good,” David Berson, Nationwide's chief economist, tells Bloomberg Business.

Read more