PERHAPS THE MOST COMPELLING EVIDENCE OF NO BUBBLE LIES IN EQUITY

It is hard to have a collapse in prices that dictates a bubble burst without a collapse of jobs and over encumbered real estate to go with it.  In fact, 91.5% of homes in the U.S. have equity according to CoreLogic.  To add to that amazing figure is this one:  2016 will either restore or add an additional 850,000 homes to equity based on just a 5% appreciation rate for the rest of the year, which seems highly likely.